PMV Capital Advisers LLC Sells 13,640 Shares of ProShares Ultra Gold $UGL

PMV Capital Advisers LLC cut its stake in ProShares Ultra Gold (NYSEARCA:UGL) by 23.4% during the 1st quarter, HoldingsChannel reports. The fund owned 44,642 shares of the company’s stock after selling 13,640 shares during the period. ProShares Ultra Gold comprises 4.6% of PMV Capital Advisers LLC’s portfolio, making the stock its 5th largest position. PMV Capital Advisers LLC’s holdings in ProShares Ultra Gold were worth $2,744,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in ProShares Ultra Gold during the third quarter worth $29,000. IFP Advisors Inc boosted its stake in ProShares Ultra Gold by 65.1% during the 4th quarter. IFP Advisors Inc now owns 710 shares of the company’s stock valued at $39,000 after purchasing an additional 280 shares during the period. Group One Trading LLC boosted its position in shares of ProShares Ultra Gold by 711.7% during the second quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock worth $89,000 after buying an additional 2,256 shares during the period. Jones Financial Companies Lllp grew its stake in shares of ProShares Ultra Gold by 1,665.3% in the first quarter. Jones Financial Companies Lllp now owns 2,648 shares of the company’s stock worth $341,000 after purchasing an additional 2,498 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in ProShares Ultra Gold in the 4th quarter valued at about $217,000.

ProShares Ultra Gold Stock Performance

NYSEARCA UGL opened at $48.52 on Monday. The company’s 50 day simple moving average is $57.29 and its 200 day simple moving average is $62.39. ProShares Ultra Gold has a 12 month low of $33.52 and a 12 month high of $90.40.

Trending Headlines about ProShares Ultra Gold

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

• Neutral Sentiment: Some analysts still see gold’s long-term bull market as intact, arguing that inflation risks and fiscal deficits could support prices over time, which may help UGL eventually if the metal stabilizes. Gold’s bull market remains intact even with a hawkish Fed, says Axel Merk
• Neutral Sentiment: Gold is at a pivotal technical support zone, and the next move may depend on whether buyers can defend it; this leaves UGL sensitive to any bounce or breakdown in bullion prices. Gold (XAU/USD) Price Forecast: Support Test Could Shape Next Major Move
• Neutral Sentiment: Some market participants are buying the dip, suggesting downside in gold may not be one-way if value buyers step in near support. Gold prices are down but SocGen is buying the dip
• Negative Sentiment: Gold and silver remain under pressure in holiday trading as the Fed’s hawkish tone continues to hit precious metals sentiment, with softer physical premiums adding to the weakness. Hawkish Fed keeps pressure on gold as physical premiums soften – Kitco PM Report
• Negative Sentiment: Multiple reports say gold is testing lower lows as traders react to the Fed’s policy outlook, with higher yields and a stronger dollar driving selling pressure. Gold News: Fed’s Warsh Rewrites Gold Market Outlook With Hawkish Shift
• Negative Sentiment: Recent price action shows gold extending its decline and breaking key support levels, increasing the risk that UGL stays under pressure if bullion keeps sliding. Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?

ProShares Ultra Gold 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.