Hamilton Wealth LLC acquired a new stake in ProShares UltraShort Gold (NYSEARCA:GLL – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,691 shares of the exchange traded fund’s stock, valued at approximately $1,265,000. Hamilton Wealth LLC owned 1.13% of ProShares UltraShort Gold at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Saba Capital Management L.P. acquired a new position in ProShares UltraShort Gold during the 4th quarter valued at $9,479,000. Raffles Associates LP bought a new stake in ProShares UltraShort Gold in the 4th quarter valued at $5,884,000. Simplex Trading LLC grew its position in ProShares UltraShort Gold by 3,304.2% in the 4th quarter. Simplex Trading LLC now owns 149,072 shares of the exchange traded fund’s stock worth $3,898,000 after purchasing an additional 144,693 shares during the last quarter. Jump Financial LLC acquired a new stake in ProShares UltraShort Gold in the 4th quarter worth $1,536,000. Finally, Quadrature Capital Ltd bought a new position in shares of ProShares UltraShort Gold during the 4th quarter worth about $1,516,000.
ProShares UltraShort Gold Stock Performance
NYSEARCA:GLL opened at $26.50 on Monday. The firm’s 50-day moving average is $25.07 and its 200-day moving average is $21.52. ProShares UltraShort Gold has a 52-week low of $15.60 and a 52-week high of $45.32.
ProShares UltraShort Gold Profile
ProShares UltraShort Gold (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the United States dollar p.m. fixing price for delivery in London. The Fund will not directly or physically hold the underlying gold, but instead, will seek exposure to gold through the use of financial instruments, whose value is based on the underlying price of gold to pursue their investment objective. The benchmark price of gold will be the United States dollar price of gold bullion as measured by the London afternoon fixing price per troy ounce of unallocated gold bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.
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