Simplex Trading LLC trimmed its holdings in shares of ProShares UltraShort Gold (NYSEARCA:GLL – Free Report) by 86.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,328 shares of the exchange traded fund’s stock after selling 167,962 shares during the quarter. Simplex Trading LLC owned 0.68% of ProShares UltraShort Gold worth $656,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC purchased a new position in ProShares UltraShort Gold in the 3rd quarter worth about $312,000. Group One Trading LLC bought a new stake in ProShares UltraShort Gold during the 1st quarter valued at about $366,000. Hamilton Wealth LLC purchased a new stake in ProShares UltraShort Gold in the 1st quarter valued at about $1,265,000. Finally, IMC Chicago LLC purchased a new stake in ProShares UltraShort Gold in the 2nd quarter valued at about $3,824,000.
ProShares UltraShort Gold Stock Performance
Shares of GLL stock opened at $25.07 on Tuesday. The company’s 50-day simple moving average is $24.62 and its two-hundred day simple moving average is $22.33. ProShares UltraShort Gold has a one year low of $15.60 and a one year high of $30.25.
ProShares UltraShort Gold Company Profile
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.
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