Simplex Trading LLC lowered its holdings in ProShares UltraShort Gold (NYSEARCA:GLL – Free Report) by 86.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,328 shares of the exchange traded fund’s stock after selling 167,962 shares during the quarter. Simplex Trading LLC’s holdings in ProShares UltraShort Gold were worth $656,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Hamilton Wealth LLC purchased a new stake in ProShares UltraShort Gold during the first quarter worth $3,795,000. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Gold in the 2nd quarter valued at $3,824,000. Group One Trading LLC purchased a new position in shares of ProShares UltraShort Gold in the 1st quarter valued at $366,000. Finally, WealthPlan Investment Management LLC purchased a new position in shares of ProShares UltraShort Gold in the 3rd quarter valued at $312,000.
ProShares UltraShort Gold Stock Performance
NYSEARCA:GLL opened at $25.07 on Tuesday. The company’s 50-day simple moving average is $24.62 and its 200-day simple moving average is $22.33. ProShares UltraShort Gold has a fifty-two week low of $15.60 and a fifty-two week high of $30.25.
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.
Recommended Stories
- Five stocks we like better than ProShares UltraShort Gold
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding GLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort Gold (NYSEARCA:GLL – Free Report).
Receive News & Ratings for ProShares UltraShort Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Gold and related companies with MarketBeat.com's FREE daily email newsletter.
