ProShares UltraShort Gold (NYSEARCA:GLL) Short Interest Update

ProShares UltraShort Gold (NYSEARCA:GLL) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 736,800 shares, an increase of 126.8% from the January 15th total of 324,827 shares. Based on an average trading volume of 19,196,277 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.4% of the company’s shares are sold short. Currently, 8.4% of the company’s shares are sold short. Based on an average trading volume of 19,196,277 shares, the days-to-cover ratio is presently 0.0 days.

ProShares UltraShort Gold Price Performance

ProShares UltraShort Gold stock traded up $1.25 during midday trading on Thursday, hitting $18.98. 32,316,351 shares of the stock were exchanged, compared to its average volume of 12,437,294. The stock’s 50-day simple moving average is $23.08 and its 200 day simple moving average is $30.78. ProShares UltraShort Gold has a fifty-two week low of $15.60 and a fifty-two week high of $61.34.

Institutional Trading of ProShares UltraShort Gold

Several institutional investors have recently made changes to their positions in the company. Simplex Trading LLC lifted its holdings in ProShares UltraShort Gold by 3,304.2% in the fourth quarter. Simplex Trading LLC now owns 149,072 shares of the exchange traded fund’s stock valued at $3,898,000 after acquiring an additional 144,693 shares during the last quarter. Genesis Financial Group LLC purchased a new stake in ProShares UltraShort Gold in the fourth quarter valued at $2,395,000. Sykon Capital LLC acquired a new position in shares of ProShares UltraShort Gold in the 2nd quarter valued at $1,596,000. BNP Paribas Financial Markets purchased a new position in shares of ProShares UltraShort Gold during the 2nd quarter worth $809,000. Finally, Two Sigma Securities LLC purchased a new position in shares of ProShares UltraShort Gold during the 2nd quarter worth $336,000.

About ProShares UltraShort Gold

ProShares UltraShort Gold (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the United States dollar p.m. fixing price for delivery in London. The Fund will not directly or physically hold the underlying gold, but instead, will seek exposure to gold through the use of financial instruments, whose value is based on the underlying price of gold to pursue their investment objective. The benchmark price of gold will be the United States dollar price of gold bullion as measured by the London afternoon fixing price per troy ounce of unallocated gold bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.