ProShares Ultra Gold (NYSEARCA:UGL) Shares Shorted: Short Interest Up 72.5% in October

ProShares Ultra Gold (NYSEARCA:UGL) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 984,585 shares, an increase of 72.5% from the September 30th total of 570,803 shares. Currently, 6.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,553,288 shares, the short-interest ratio is currently 0.4 days.

ProShares Ultra Gold Trading Up 3.3%

ProShares Ultra Gold stock opened at $40.75 on Tuesday. ProShares Ultra Gold has a 52 week low of $39.21 and a 52 week high of $90.40. The stock has a 50 day moving average of $47.87 and a 200-day moving average of $56.22.

Hedge Funds Weigh In On ProShares Ultra Gold

A number of large investors have recently bought and sold shares of the business. Integrated Advisors Network LLC bought a new position in ProShares Ultra Gold in the 1st quarter worth approximately $246,000. NewEdge Advisors LLC increased its position in ProShares Ultra Gold by 36.1% in the 2nd quarter. NewEdge Advisors LLC now owns 5,000 shares of the company’s stock valued at $219,000 after acquiring an additional 1,325 shares during the period. Allen Capital Group LLC increased its position in ProShares Ultra Gold by 8.9% in the 1st quarter. Allen Capital Group LLC now owns 6,113 shares of the company’s stock valued at $376,000 after acquiring an additional 498 shares during the period. Corient Private Wealth LLC increased its position in ProShares Ultra Gold by 17.5% in the 4th quarter. Corient Private Wealth LLC now owns 8,225 shares of the company’s stock valued at $457,000 after acquiring an additional 1,225 shares during the period. Finally, MGO One Seven LLC raised its stake in ProShares Ultra Gold by 6.6% during the 3rd quarter. MGO One Seven LLC now owns 10,654 shares of the company’s stock valued at $487,000 after acquiring an additional 658 shares in the last quarter.

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.