November 29, 2016 - By Peter Erickson · 0 Comments
Nov 29 is a negative day so far for ProShares Ultra Gold (NYSEARCA:UGL) as the ETF is active during the day after losing 1.17% to hit $35.45 per share. The exchange traded fund has 89.89 million net assets and 1.98% volatility this month.
Over the course of the day 8,107 shares traded hands, as compared to an average volume of 61,810 over the last 30 days for ProShares Ultra Gold (NYSEARCA:UGL).
The ETF is -21.19% of its 52-Week High and 30.90% of its low, and is currently having ATR of 1.05. This year’s performance is 27.95% while this quarter’s performance is -16.94%.
The ETF’s YTD performance is 39.02%, the 1 year is 19.18% and the 3 year is -6.25%.
The fund’s top holdings are: London Gold Price Forward – Citibank Na for 67.59% of assets, London Gold Price Forward – Ubs Ag for 53.39%, London Gold Price Forward – Goldman Sachs International for 50.63%, London Gold Price Forward – Societe Generale for 28.19%, Gold 100 Oz Future 12/28/2016 (Gcz6) for 0.22%.
More notable recent ProShares Ultra Gold (ETF) (NYSEARCA:UGL) news were published by: Nasdaq.com which released: “Gold ETF: Should You Follow Soros or Go Bottom Fishing?” on November 28, 2016, also Benzinga.com with their article: “Gold’s Tumble Not Luring Traders To Inverse ETFs” published on November 24, 2015, Etftrends.com published: “Inverse Gold ETFs Bounce” on January 08, 2016. More interesting news about ProShares Ultra Gold (ETF) (NYSEARCA:UGL) were released by: Benzinga.com and their article: “This Economist Is Bullish On Gold, But Says Be Wary Of Near-Term Pullback” published on June 21, 2016 as well as Etftrends.com‘s news article titled: “31 Gold ETFs Investors Should Size Up” with publication date: April 25, 2016.
ProShares Ultra Gold seeks daily investment results that correspond to twice (200%) the daily performance. The ETF has a market cap of $89.89 million. 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. It currently has negative earnings. 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.
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By Peter Erickson