ProShares UltraShort Gold (NYSEARCA:GLL – Free Report) shares are set to reverse split on Thursday, November 20th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.
ProShares UltraShort Gold Stock Performance
Shares of GLL opened at $14.25 on Wednesday. The business has a fifty day moving average of $16.27 and a 200 day moving average of $19.91. ProShares UltraShort Gold has a 52-week low of $12.80 and a 52-week high of $36.90.
Institutional Trading of ProShares UltraShort Gold
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of ProShares UltraShort Gold during the second quarter valued at approximately $55,000. Signaturefd LLC bought a new stake in shares of ProShares UltraShort Gold during the 2nd quarter worth approximately $56,000. Bank of America Corp DE boosted its holdings in ProShares UltraShort Gold by 55,280.0% during the 2nd quarter. Bank of America Corp DE now owns 8,307 shares of the exchange traded fund’s stock valued at $185,000 after acquiring an additional 8,292 shares during the period. Two Sigma Securities LLC bought a new position in ProShares UltraShort Gold in the 2nd quarter valued at $336,000. Finally, BNP Paribas Financial Markets bought a new position in ProShares UltraShort Gold in the 2nd quarter valued at $809,000.
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.
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