ProShares Ultra Gold (NYSEARCA:UGL) Shares Gap Up – Time to Buy?

ProShares Ultra Gold (NYSEARCA:UGL) shares gapped up prior to trading on Thursday . The stock had previously closed at $85.20, but opened at $90.35. ProShares Ultra Gold shares last traded at $81.2440, with a volume of 19,757,429 shares changing hands.

ProShares Ultra Gold News Roundup

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

• Positive Sentiment: Citi says gold is being supported by overlapping geopolitical and economic risks, which should underpin medium‑term allocations into bullion — a constructive backdrop for UGL once volatility calms. Citi sees gold supported by risks, with some fading expected later in 2026
• Positive Sentiment: The World Gold Council and related coverage say demand should remain strong amid rate and geopolitical uncertainty, supporting longer‑term bullish fundamentals for bullion and leveraged gold ETFs. Gold Demand to Remain Strong as Investors Reassess Risk, WGC Says
• Neutral Sentiment: Several market analysts characterize today’s drop as a healthy correction after an explosive January rally — they argue the broader uptrend in metals remains intact, which could limit the duration of UGL’s weakness. Don’t panic: Analysts see gold and silver’s sell-off as a healthy correction
• Neutral Sentiment: Intraday technical and trader‑level analysis points to a volatile retracement after record highs; some view current levels as potential short‑term entry zones if support holds. Gold, silver selloff was inevitable after January’s explosive rally, but broader trend remains intact
• Negative Sentiment: Markets sold gold aggressively after President Trump nominated Kevin Warsh as Fed chair; that reduced some fears about Fed unpredictability and prompted profit‑taking that hit bullion and leveraged gold ETFs hard. Gold and Silver Prices Plunge from Record Highs—What Investors Need to Know
• Negative Sentiment: Heavy technical selling and panic in silver and gold markets produced sharp intraday falls (including large percentage drops in silver), which disproportionately hurt UGL because of its daily leveraged exposure. Expect headline‑driven swings and elevated volume while traders reassess positions. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Collapses 18% As Traders Rush For Exits

ProShares Ultra Gold Stock Down 20.7%

The firm has a fifty day moving average of $60.29 and a 200 day moving average of $48.99.

Institutional Investors Weigh In On ProShares Ultra Gold

Several institutional investors have recently added to or reduced their stakes in the business. Strategic Advocates LLC purchased a new position in ProShares Ultra Gold in the third quarter valued at approximately $29,000. Country Trust Bank purchased a new position in shares of ProShares Ultra Gold in the 2nd quarter valued at $31,000. Group One Trading LLC raised its stake in ProShares Ultra Gold by 711.7% during the 2nd quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock worth $89,000 after acquiring an additional 2,256 shares in the last quarter. Jones Financial Companies Lllp raised its stake in ProShares Ultra Gold by 1,665.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,648 shares of the company’s stock worth $341,000 after acquiring an additional 2,498 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in ProShares Ultra Gold by 300.0% in the second quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after acquiring an additional 2,250 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.