ProShares Ultra Gold (NYSEARCA:UGL) Hits New 1-Year High – Here’s What Happened

ProShares Ultra Gold (NYSEARCA:UGL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $143.28 and last traded at $142.66, with a volume of 375465 shares. The stock had previously closed at $135.79.

ProShares Ultra Gold Stock Down 1.1 %

The business has a 50 day moving average price of $119.61 and a two-hundred day moving average price of $105.70.

Institutional Investors Weigh In On ProShares Ultra Gold

Several large investors have recently modified their holdings of UGL. Barclays PLC purchased a new position in shares of ProShares Ultra Gold in the third quarter worth about $67,000. Rothschild Investment LLC bought a new position in shares of ProShares Ultra Gold in the fourth quarter worth $70,000. IAM Advisory LLC purchased a new position in ProShares Ultra Gold during the first quarter valued at approximately $257,000. Partners Wealth Management LLC purchased a new stake in shares of ProShares Ultra Gold in the first quarter worth $270,000. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in ProShares Ultra Gold during the first quarter valued at $277,000.

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.