IMC Chicago LLC Has $2.25 Million Position in ProShares Ultra Gold $UGL

IMC Chicago LLC lessened its holdings in ProShares Ultra Gold (NYSEARCA:UGL) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,666 shares of the company’s stock after selling 22,492 shares during the quarter. IMC Chicago LLC owned 0.24% of ProShares Ultra Gold worth $2,253,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UGL. Jones Financial Companies Lllp boosted its position in shares of 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 valued at $341,000 after acquiring an additional 2,498 shares in the last quarter. JPMorgan Chase & Co. raised its position in ProShares Ultra Gold by 8,272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,210 shares of the company’s stock worth $319,000 after purchasing an additional 9,100 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in ProShares Ultra Gold by 263.5% in the second quarter. Ausdal Financial Partners Inc. now owns 6,870 shares of the company’s stock worth $238,000 after purchasing an additional 4,980 shares in the last quarter. Group One Trading LLC lifted its stake in ProShares Ultra Gold by 711.7% during the second quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock worth $89,000 after purchasing an additional 2,256 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in ProShares Ultra Gold by 400.0% during the second quarter. Corient Private Wealth LLC now owns 10,000 shares of the company’s stock worth $347,000 after purchasing an additional 8,000 shares during the period.

ProShares Ultra Gold News Roundup

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

• Positive Sentiment: Gold prices moved higher as softer U.S. CPI and producer-price data weakened the dollar and eased yields, improving the outlook for gold-linked funds such as UGL. Gold edges higher, silver slips as oil keeps inflation risk alive – Kitco PM Report
• Positive Sentiment: Analysts said U.S. policy uncertainty, sanctions, and trade tensions are supporting sovereign gold demand, reinforcing the bullish case for bullion exposure. Fed won’t hike but hold, Warsh may have started too hawkish, and U.S. policy is driving sovereign gold demand – Natixis’ Christopher Hodge
• Positive Sentiment: Gold held firm above $4,000 and continued consolidating near resistance, which market strategists viewed as constructive rather than weakening. Gold holds firm above $4,000 as investors look beyond inflation fears – Saxo’s Hansen
• Positive Sentiment: Gold rallied after weaker-than-expected inflation data, with traders viewing the pullback in inflation as supportive for further upside in precious metals. Gold prices surging higher to test resistance at $4,100 following sharp drop in U.S. inflation

ProShares Ultra Gold Price Performance

NYSEARCA UGL opened at $44.50 on Thursday. The stock’s 50 day moving average is $51.27 and its two-hundred day moving average is $61.02. ProShares Ultra Gold has a 1-year low of $33.54 and a 1-year high of $90.40.

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.