Short Interest in ProShares Ultra Gold (NYSEARCA:UGL) Drops By 55.2%

ProShares Ultra Gold (NYSEARCA:UGL) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 466,300 shares, a drop of 55.2% from the August 31st total of 1,040,000 shares. Based on an average daily volume of 1,369,300 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,369,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra Gold

A number of large investors have recently modified their holdings of the business. IMC Chicago LLC grew its holdings in shares of ProShares Ultra Gold by 370.5% during the second quarter. IMC Chicago LLC now owns 286,631 shares of the company’s stock worth $9,935,000 after buying an additional 225,712 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its position in ProShares Ultra Gold by 126.7% during the second quarter. China Universal Asset Management Co. Ltd. now owns 62,800 shares of the company’s stock worth $2,177,000 after acquiring an additional 35,100 shares during the last quarter. PMV Capital Advisers LLC boosted its position in ProShares Ultra Gold by 252.4% during the second quarter. PMV Capital Advisers LLC now owns 62,456 shares of the company’s stock worth $2,165,000 after acquiring an additional 44,732 shares during the last quarter. Everstar Asset Management LLC acquired a new position in shares of ProShares Ultra Gold during the 1st quarter worth approximately $7,851,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of ProShares Ultra Gold by 195.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 36,000 shares of the company’s stock worth $1,248,000 after purchasing an additional 23,813 shares during the last quarter.

ProShares Ultra Gold Trading Up 1.7%

UGL stock opened at $46.64 on Friday. The business’s 50-day moving average is $38.92 and its 200 day moving average is $36.01. ProShares Ultra Gold has a 12-month low of $22.39 and a 12-month high of $46.91.

ProShares Ultra Gold Company Profile

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.