ProShares Ultra Gold (NYSEARCA:UGL) Trading Up 11.2% – Here’s Why

ProShares Ultra Gold (NYSEARCA:UGL) shares traded up 11.2% during mid-day trading on Tuesday . The company traded as high as $70.10 and last traded at $69.6770. 1,832,832 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 8,201,491 shares. The stock had previously closed at $62.66.

Key Stories Impacting ProShares Ultra Gold

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

• Positive Sentiment: Precious metals staged a broad rebound after a heavy sell-off, with silver surging and buyers stepping in to buy dips — a direct tailwind for gold-exposed leveraged ETFs like UGL. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 9% As Traders Buy The Dip
• Positive Sentiment: Market coverage notes gold and silver holding strong gains as risk appetite eases — further supporting bullion demand and leveraged longs. Gold, silver holding strong gains as risk appetite fades a bit
• Positive Sentiment: Analysts and big banks remain bullish on longer-term gold prices (J.P. Morgan and Deutsche Bank reiterated strong targets), reinforcing investor conviction that recent volatility is a buying opportunity. J.P. Morgan expects gold prices to reach $6,300/oz by end of 2026
• Neutral Sentiment: Commentary suggests the recent correction removed speculative premium and traders are refocusing on rebuilding support levels — constructive for a steadier recovery but implies range trading until momentum confirms. Time for a Reset: Let’s Talk About Gold and Silver Without the Hype
• Neutral Sentiment: Growth in tokenized gold products is increasing demand for gold exposure but carries custody and regulatory risks that could complicate flows into traditional ETFs like UGL over time. Precious metal price fluctuations could test fast-growing gold token market
• Negative Sentiment: Political and Fed-related developments (nominations that signal a tighter Fed path) were a primary trigger of the prior sell-off and remain an ongoing risk for gold — renewed rate-hike expectations or a stronger dollar could send UGL lower quickly. Gold Falls as Markets Further Price in Warsh-Led Fed

ProShares Ultra Gold Stock Up 10.7%

The stock has a fifty day moving average of $60.51 and a 200 day moving average of $49.38.

Hedge Funds Weigh In On ProShares Ultra Gold

Several large investors have recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. increased its stake in ProShares Ultra Gold by 3.3% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 7,100 shares of the company’s stock worth $327,000 after buying an additional 230 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of ProShares Ultra Gold during the third quarter worth about $29,000. Country Trust Bank bought a new stake in ProShares Ultra Gold during the 2nd quarter valued at approximately $31,000. Simplex Trading LLC grew its holdings in ProShares Ultra Gold by 45.0% during the 2nd quarter. Simplex Trading LLC now owns 6,285 shares of the company’s stock valued at $217,000 after buying an additional 1,950 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in shares of ProShares Ultra Gold by 300.0% during the second quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after buying an additional 2,250 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.