VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index (NASDAQ:UGLD) Trading 3.3% Higher

VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index (NASDAQ:UGLD) traded up 3.3% on Wednesday . The stock traded as high as $147.76 and last traded at $147.78, 12,278 shares traded hands during mid-day trading. A decline of 89% from the average session volume of 109,843 shares. The stock had previously closed at $143.02.

The company’s 50-day simple moving average is $124.70.

A hedge fund recently raised its stake in VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index stock. XR Securities LLC boosted its holdings in shares of VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index (NASDAQ:UGLD) by 617.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,313 shares of the company’s stock after buying an additional 18,343 shares during the period. VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index makes up about 0.5% of XR Securities LLC’s holdings, making the stock its 8th largest holding. XR Securities LLC owned 1.98% of VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index worth $2,567,000 at the end of the most recent quarter.

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