ProShares Ultra Gold (NYSEARCA:UGL) Reaches New 12-Month High – Here’s Why

Shares of ProShares Ultra Gold (NYSEARCA:UGL) hit a new 52-week high during trading on Monday . The company traded as high as $63.26 and last traded at $63.4110, with a volume of 1017232 shares traded. The stock had previously closed at $60.49.

ProShares Ultra Gold News Roundup

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

• Positive Sentiment: Criminal probe into Fed Chair Jerome Powell revived concerns about Federal Reserve independence and prompted safe‑haven buying in gold. Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush
• Positive Sentiment: Gold hit new record highs above $4,600 as the Powell probe and dovish Fed expectations boosted safe‑haven demand. That direct move in the underlying commodity is a clear driver for leveraged gold ETFs like UGL. Gold hits new highs above $4,600 as Trump’s DoJ threatens Federal Reserve monetary policy independence
• Positive Sentiment: Geopolitical tensions (Iran, Venezuela) and broader risk‑off flows pushed investors into safe havens, supporting higher gold prices and therefore UGL. Trump Greenland threat triggers search for shelter beyond gold, defence
• Positive Sentiment: Dollar weakness and rising bets on Fed rate cuts are cited by analysts as supporting further upside in gold — a tailwind for UGL’s leveraged exposure. Gold (XAUUSD) & Silver Price Forecast: Safe-Haven Surge Lifts XAU Above $4,600 as XAG Eyes $86 Breakout
• Neutral Sentiment: Intraday technical analysis and trader entry levels were published to guide active traders; useful for short‑term positioning but less directly news‑driven than headlines. Gold market analysis for January 12 – key intra-day price entry levels for active traders
• Neutral Sentiment: Company‑specific miner news (e.g., Nativo Resources sampling results) can lift interest in gold sector equities but has limited direct impact on a leveraged gold futures ETF like UGL. Nativo Resources soars on Bonanza gold update

ProShares Ultra Gold Trading Up 4.4%

The business’s 50-day simple moving average is $54.26 and its 200-day simple moving average is $45.49.

Institutional Trading of ProShares Ultra Gold

A number of institutional investors have recently bought and sold shares of the business. Strategic Advocates LLC bought a new position in shares of ProShares Ultra Gold in the 3rd quarter worth $29,000. Country Trust Bank acquired a new position in ProShares Ultra Gold in the second quarter valued at about $31,000. Group One Trading LLC boosted its holdings 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 buying an additional 2,256 shares during the last quarter. Rothschild Investment LLC boosted its holdings in ProShares Ultra Gold by 300.0% during the second quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock worth $104,000 after buying an additional 2,250 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of ProShares Ultra Gold by 300.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,080 shares of the company’s stock worth $141,000 after buying an additional 3,060 shares during the period.

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.