ProShares Ultra Gold (NYSEARCA:UGL) Shares Shorted: Short Interest Up 72.5% in October

by · The Markets Daily

ProShares Ultra Gold (NYSEARCA:UGL – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 984,585 shares, an increase of 72.5% from the September 30th total of 570,803 shares. Currently, 6.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,553,288 shares, the short-interest ratio is currently 0.4 days.

ProShares Ultra Gold Trading Up 3.3%

ProShares Ultra Gold stock opened at $40.75 on Tuesday. ProShares Ultra Gold has a 52 week low of $39.21 and a 52 week high of $90.40. The stock has a 50 day moving average of $47.87 and a 200-day moving average of $56.22.

Hedge Funds Weigh In On ProShares Ultra Gold

A number of large investors have recently bought and sold shares of the business. Integrated Advisors Network LLC bought a new position in ProShares Ultra Gold in the 1st quarter worth approximately $246,000. NewEdge Advisors LLC increased its position in ProShares Ultra Gold by 36.1% in the 2nd quarter. NewEdge Advisors LLC now owns 5,000 shares of the company’s stock valued at $219,000 after acquiring an additional 1,325 shares during the period. Allen Capital Group LLC increased its position in ProShares Ultra Gold by 8.9% in the 1st quarter. Allen Capital Group LLC now owns 6,113 shares of the company’s stock valued at $376,000 after acquiring an additional 498 shares during the period. Corient Private Wealth LLC increased its position in ProShares Ultra Gold by 17.5% in the 4th quarter. Corient Private Wealth LLC now owns 8,225 shares of the company’s stock valued at $457,000 after acquiring an additional 1,225 shares during the period. Finally, MGO One Seven LLC raised its stake in ProShares Ultra Gold by 6.6% during the 3rd quarter. MGO One Seven LLC now owns 10,654 shares of the company’s stock valued at $487,000 after acquiring an additional 658 shares in the last quarter.

ProShares Ultra Gold Company Profile

(Get Free Report)

ProShares Ultra Gold (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance. The Fund generally invests in financial instruments as a substitute for investing directly in a commodity or currency in order to gain exposure to the commodity index, commodity or currency. The Funds may purchase United States Treasury Bills, agency securities, and other high-credit quality short-term fixed income or similar securities with original maturities of one year or less.

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