November 17, 2016 - By Peter Erickson · 0 Comments
Nov 17 is a negative day so far for ProShares UltraShort Gold (NYSEARCA:GLL) as the ETF is active during the day after losing 0.29% to hit $80.33 per share. The exchange traded fund has 67.75M net assets and 1.84% volatility this month.
Over the course of the day 490 shares traded hands, as compared to an average volume of 37,710 over the last 30 days for ProShares UltraShort Gold (NYSEARCA:GLL).
The ETF is -32.47% of its 52-Week High and 23.65% of its low, and is currently having ATR of 1.84. This year’s performance is -30.71% while this quarter’s performance is 18.06%.
The ETF’s YTD performance is -35.91%, the 1 year is -26.65% and the 3 year is -5.17%.
The fund’s top holdings are: London Gold Price Forward – Deutsche Bank Ag London for 95.64% of assets, London Gold Price Forward – Citibank Na for 39.15%, London Gold Price Forward – Ubs Ag for 29.54%, London Gold Price Forward – Goldman Sachs International for 28.41%, London Gold Price Forward – Societe Generale for 6.93%, Gold 100 Oz Future 12/28/2016 (Gcz6) for 0.35%.
More notable recent ProShares UltraShort Gold (ETF) (NYSEARCA:GLL) news were published by: Etftrends.com which released: “Inverse Gold ETFs Bounce” on January 08, 2016, also Benzinga.com with their article: “Gold’s Tumble Not Luring Traders To Inverse ETFs” published on November 24, 2015, Etftrends.com published: “31 Gold ETFs Investors Should Size Up” on April 25, 2016. More interesting news about ProShares UltraShort Gold (ETF) (NYSEARCA:GLL) were released by: Etftrends.com and their article: “Gold ETFs to Hedge Against a Fed Surprise” published on August 16, 2016 as well as Etfdailynews.com‘s news article titled: “Don’t Look Now, But Gold Is Crashing To Five-Month Lows” with publication date: November 11, 2016.
ProShares UltraShort Gold 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 ETF has a market cap of $67.75 million. 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. It currently has negative earnings. 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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By Peter Erickson