UGL - ProShares Ultra Gold
| Previous Close | 45.55 |
| Open | 0.00 |
| Bid | 45.93 x 1800 |
| Ask | 45.94 x 800 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 75,800 |
| Net Assets | 103.55M |
| NAV | 45.53 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Daily Total Return | 22.64% |
| Beta (3Y Monthly) | -0.12 |
| Expense Ratio (net) | 0.95% |
| Inception Date | 2008-12-01 |
- ETF Trends
Can Gold Re-Establish Its Gains from Earlier This Year?
Gold has fallen from its record highs earlier this year when inverted yield curves, fears of slowing global growth and the U.S.-China trade war spooked investors into seeking safe haven assets like precious metals. “The macro narrative has shifted from ‘recession or no recession’ to ‘no recession or cyclical upturn’ … Given the notable lack of physical support, the critical gold support into year-end, rests on both structural investor interest recommitting and CB [central banks] interest reengaging to offset potentially strong fresh paper shorts (who are underweight),” wrote Scotiabank commodity strategist Nicky Shiels.
- ETF Trends
Gold Trading Lower, But It Won’t Last for Long
Per a Kitco News report, “the Institute of Supply Management (ISM) said that its Non-Manufacturing Purchasing Managers Index rose to a reading of 54.7% in October, up from September’s 52.6%. “As soon as you saw those ISM numbers you had to get out of gold,” said Phillip Streible, senior market analyst at RJO Futures told Kitco News. For traders who want double the exposure to gold prices, there’s the ProShares Ultra Gold (UGL) .
- ETF Trends
A Pair of Leveraged ETFs When Traditional Gold Exposure Isn’t Enough
From a technical perspective, chartists are still favoring gold despite the celebratory champagne bottles popping in the stock market. “A bullish U.S. stock market that is near record highs is limiting buying interest in the safe-haven metals,” wrote Jim Wyckoff of Kitco News. For traders who want double the exposure to gold prices, there’s the ProShares Ultra Gold (UGL) .
- Zacks
Gold ETFs to Bet on Diwali Bonanza
Gold ETFs may see some uptrend on decent Indian buying on Diwali. Though demand may fall year over year on higher prices, festivities could perk up near-term demand.
- Zacks
5 Reasons to Buy Gold ETFs as Price May Touch $2000
Citi believes gold prices may shoot up to $2,000 an ounce in the near term. Play these ETFs if you want to follow Citigroup.
- Zacks
Gold ETF Inflows Hits 6-Year High: How to Go Long
Global investors poured in about $2.6 billion into gold-backed ETFs in July - the highest monthly investment since March 2013.
- Zacks
Gold ETFs Likely to Rule 2H Irrespective of Fed Rate Cut
Gold ETFs set to surge higher irrespective of Fed rate cuts due to higher uncertainty and rising geopolitical tensions.
- Zacks
Gold is Now the Hottest Trade: ETFs to Add More Shine
Investors who are bullish on gold right now may want to consider a near-term long on the precious metal.
- Zacks
Gold Close to Touching Six-Year High? Leveraged ETFs to Play
How to benefit out of likely uptrend in gold prices with ETFs.
- ETF Trends
Doubling Down on Gold as Fed Sounds More Cautious
While the Federal Reserve might be walking on eggshells with respect to interest rate policy, more investors could be marching towards gold as anticipation of more steady rates or even a rate cut permeate the capital markets. For those emboldened by the Fed's latest move, they could double down on the precious metal with the ProShares Ultra Gold (UGL) . “The U.S. economy is in a good place,” said Fed Chair Jerome Powell.
- TheStreet.com
Why Key Gold and Silver ETFs Are Focusing on Futures
In January, ProShares changed its silver and gold ETFs to track futures-based indexes. This marks the first time leveraged and inverse ETFs will benchmark to gold and silver futures prices. ) are changing their benchmarks from the LBMA (London Bullion Market Association) silver and gold auction prices to Bloomberg Commodity Subindexes.
