ProShares UltraShort Gold (NYSEARCA:GLL) Short Interest Up 27.7% in January

ProShares UltraShort Gold (NYSEARCA:GLL) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 324,827 shares, an increase of 27.7% from the December 31st total of 254,327 shares. Approximately 9.3% of the shares of the company are short sold. Based on an average trading volume of 2,022,528 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 2,022,528 shares, the short-interest ratio is presently 0.2 days. Approximately 9.3% of the shares of the company are short sold.

Institutional Trading of ProShares UltraShort Gold

Several institutional investors have recently modified their holdings of GLL. JPMorgan Chase & Co. bought a new position in shares of ProShares UltraShort Gold during the 2nd quarter valued at about $55,000. Signaturefd LLC bought a new stake in ProShares UltraShort Gold during the second quarter worth approximately $56,000. Bank of America Corp DE grew its position in ProShares UltraShort Gold by 55,280.0% in the second quarter. Bank of America Corp DE now owns 8,307 shares of the exchange traded fund’s stock worth $185,000 after buying an additional 8,292 shares during the last quarter. Two Sigma Securities LLC acquired a new position in ProShares UltraShort Gold in the second quarter worth approximately $336,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of ProShares UltraShort Gold during the 2nd quarter valued at $809,000.

ProShares UltraShort Gold Price Performance

GLL traded up $1.71 on Monday, hitting $21.49. 35,353,364 shares of the company’s stock were exchanged, compared to its average volume of 11,787,561. The stock has a fifty day moving average of $24.36 and a two-hundred day moving average of $31.89. ProShares UltraShort Gold has a twelve month low of $15.60 and a twelve month high of $61.48.

About ProShares UltraShort Gold

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.