ProShares Ultra Gold (NYSEARCA:UGL) Hits New 1-Year High – Should You Buy?

Shares of ProShares Ultra Gold (NYSEARCA:UGL) reached a new 52-week high on Monday . The company traded as high as $63.26 and last traded at $63.4110, with a volume of 1017232 shares trading hands. The stock had previously closed at $60.49.

Key Stories Impacting ProShares Ultra Gold

Here are the key news stories impacting ProShares Ultra Gold this week:

• Positive Sentiment: Criminal probe into Fed Chair Jerome Powell revived concerns about Federal Reserve independence and prompted safe‑haven buying in gold. Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush
• Positive Sentiment: Gold hit new record highs above $4,600 as the Powell probe and dovish Fed expectations boosted safe‑haven demand. That direct move in the underlying commodity is a clear driver for leveraged gold ETFs like UGL. Gold hits new highs above $4,600 as Trump’s DoJ threatens Federal Reserve monetary policy independence
• Positive Sentiment: Geopolitical tensions (Iran, Venezuela) and broader risk‑off flows pushed investors into safe havens, supporting higher gold prices and therefore UGL. Trump Greenland threat triggers search for shelter beyond gold, defence
• Positive Sentiment: Dollar weakness and rising bets on Fed rate cuts are cited by analysts as supporting further upside in gold — a tailwind for UGL’s leveraged exposure. Gold (XAUUSD) & Silver Price Forecast: Safe-Haven Surge Lifts XAU Above $4,600 as XAG Eyes $86 Breakout
• Neutral Sentiment: Intraday technical analysis and trader entry levels were published to guide active traders; useful for short‑term positioning but less directly news‑driven than headlines. Gold market analysis for January 12 – key intra-day price entry levels for active traders
• Neutral Sentiment: Company‑specific miner news (e.g., Nativo Resources sampling results) can lift interest in gold sector equities but has limited direct impact on a leveraged gold futures ETF like UGL. Nativo Resources soars on Bonanza gold update

ProShares Ultra Gold Stock Performance

The firm has a fifty day moving average price of $54.26 and a 200 day moving average price of $45.49.

Institutional Investors Weigh In On ProShares Ultra Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in shares of ProShares Ultra Gold during the third quarter worth approximately $16,390,000. IMC Chicago LLC boosted its position in ProShares Ultra Gold by 370.5% in the 2nd quarter. IMC Chicago LLC now owns 286,631 shares of the company’s stock valued at $9,935,000 after buying an additional 225,712 shares during the last quarter. CWM LLC acquired a new stake in shares of ProShares Ultra Gold in the 3rd quarter valued at $4,988,000. China Universal Asset Management Co. Ltd. raised its position in shares of ProShares Ultra Gold by 23.9% during the third quarter. China Universal Asset Management Co. Ltd. now owns 77,800 shares of the company’s stock worth $3,583,000 after acquiring an additional 15,000 shares during the last quarter. Finally, PMV Capital Advisers LLC raised its position in shares of 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.

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. 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.