IMC Chicago LLC Invests $3.82 Million in ProShares UltraShort Gold $GLL

IMC Chicago LLC acquired a new stake in ProShares UltraShort Gold (NYSEARCA:GLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 141,750 shares of the exchange traded fund’s stock, valued at approximately $3,824,000. IMC Chicago LLC owned 3.02% of ProShares UltraShort Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in GLL. Saba Capital Management L.P. purchased a new stake in ProShares UltraShort Gold during the 4th quarter worth approximately $9,479,000. Raffles Associates LP acquired a new stake in ProShares UltraShort Gold during the 4th quarter worth approximately $5,884,000. Hamilton Wealth LLC purchased a new position in ProShares UltraShort Gold in the 1st quarter valued at approximately $3,795,000. Simplex Trading LLC boosted its position in ProShares UltraShort Gold by 3,304.2% in the 4th quarter. Simplex Trading LLC now owns 149,072 shares of the exchange traded fund’s stock valued at $3,898,000 after buying an additional 144,693 shares during the period. Finally, Jump Financial LLC purchased a new position in ProShares UltraShort Gold in the 4th quarter valued at approximately $1,536,000.

ProShares UltraShort Gold Stock Performance

NYSEARCA:GLL opened at $21.72 on Friday. ProShares UltraShort Gold has a 52 week low of $15.60 and a 52 week high of $41.82. The company has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $21.80.

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.