ProShares Ultra Gold (NYSEARCA:UGL) Reaches New 52-Week High – Time to Buy?

Shares of ProShares Ultra Gold (NYSEARCA:UGL) reached a new 52-week high on Monday . The stock traded as high as $76.63 and last traded at $76.6790, with a volume of 1326460 shares traded. The stock had previously closed at $73.45.

More ProShares Ultra Gold News

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

• Positive Sentiment: Gold reached new record highs and broad bullish momentum lifted metal-linked products, benefiting leveraged long exposures like UGL. Gold Breaks Record As Stocks Muddle Through Fed Pause
• Positive Sentiment: Analysts and market strategists increased upside targets and described the move as structural rather than a short‑term spike, supporting sustained demand for gold exposure. Who’s Really Driving Gold Higher and Why It’s Not the West | Greg Orrell
• Positive Sentiment: Technical and macro commentary points to a continued bull trend for gold with momentum breakouts that open higher extension targets — positive for a 2x long ETF. Gold (XAU/USD) Price Forecast: Rally Accelerates as Bull Trend Extends
• Positive Sentiment: Large institutional flows into gold were flagged — notably Tether’s plan to allocate up to ~15% of its portfolio to physical gold — which adds demand tailwinds for bullion and related ETFs. Tether CEO aims to allocate up to 15% of its portfolio to gold
• Neutral Sentiment: Strong retail and premium demand in China in January supports physical markets despite a late‑December dip in Hong Kong net imports — a mixed but overall supportive picture for prices. China’s net gold imports through Hong Kong fall 24% in December, but premiums and retail demand soars in January
• Neutral Sentiment: Fed communications are mixed: a rates pause and Powell’s comments that the Fed retains credibility keep policy uncertainty front‑and‑center — this can sustain safe‑haven flows but also inject volatility. Fed’s Powell Confident on Inflation Despite 3% Core PCE as Labor Market Shows Stability
• Negative Sentiment: Reports warn of near‑term technical corrections and profit‑taking after rapid gains — that raises short‑term downside risk for a 2x ETF like UGL if bullion retraces. Gold Falls on Likely Technical Correction, Possible Profit-Taking

ProShares Ultra Gold Price Performance

The stock has a 50-day moving average of $58.52 and a 200-day moving average of $48.25.

Institutional Trading of ProShares Ultra Gold

A number of institutional investors have recently made changes to their positions in UGL. Global Assets Advisory LLC bought a new stake in ProShares Ultra Gold during the third quarter worth about $548,000. Rothschild Investment LLC grew its stake in ProShares Ultra Gold by 300.0% in the second quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after purchasing an additional 2,250 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of ProShares Ultra Gold by 126.7% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 62,800 shares of the company’s stock worth $2,177,000 after purchasing an additional 35,100 shares during the last quarter. MGO One Seven LLC raised its stake in shares of ProShares Ultra Gold by 152.8% during the 2nd quarter. MGO One Seven LLC now owns 14,694 shares of the company’s stock worth $509,000 after purchasing an additional 8,881 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of ProShares Ultra Gold by 195.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 36,000 shares of the company’s stock valued at $1,248,000 after buying an additional 23,813 shares during 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.