ProShares Ultra Gold (NYSEARCA:UGL) Hits New 12-Month High – Should You Buy?

ProShares Ultra Gold (NYSEARCA:UGL)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $66.97 and last traded at $66.7960, with a volume of 1843804 shares trading hands. The stock had previously closed at $62.35.

ProShares Ultra Gold News Roundup

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

• Positive Sentiment: Geopolitical/tariff fears from U.S. policy actions sent gold to fresh record highs, fueling safe‑haven demand that boosts leveraged gold ETFs like UGL. Gold (XAUUSD) Price Forecast: Record Gold Rally Targets $5,000 on Trump Tariff Fears
• Positive Sentiment: Broad “sell America” flows and a shift out of U.S. assets into havens lifted gold and Treasury markets, a dynamic that benefits UGL through stronger gold prices. ‘This is sell America’ — U.S. dollar, Treasury prices tumble and gold spikes as globe flees U.S. assets
• Positive Sentiment: Multiple market outlets report record highs and strong safe‑haven buying—momentum that typically increases inflows and trading in leveraged gold ETFs such as UGL. Strong price gains, record highs in gold, silver on risk aversion
• Positive Sentiment: Analysts and forecasters are projecting further upside (some targeting much higher nominal levels), supporting bullish trader positioning that amplifies UGL moves. The odds of gold going to $5,000 just keep getting better and better – State Street’s Aakash Doshi
• Neutral Sentiment: Silver’s strong run and technical commentary (intra‑day levels/resistance watch) are increasing overall precious‑metals market attention, which can be two‑way for UGL depending on traders’ rotation. Why is Silver Going Up So Much? Silver Outpaces Gold as Macro Tailwinds Build
• Negative Sentiment: News of a likely technical correction in gold raises the near‑term risk of profit‑taking; leveraged ETFs like UGL can experience larger intraday drawdowns if gold reverses. Gold Edges Lower on Likely Technical Correction

ProShares Ultra Gold Stock Up 7.2%

The firm has a 50 day moving average of $55.95 and a 200-day moving average of $46.66.

Institutional Trading of ProShares Ultra Gold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Advocates LLC purchased a new stake in ProShares Ultra Gold in the third quarter worth about $29,000. Country Trust Bank bought a new position in shares of ProShares Ultra Gold during the second quarter valued at approximately $31,000. Group One Trading LLC boosted its stake 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 valued at $89,000 after purchasing an additional 2,256 shares in the last quarter. Rothschild Investment LLC increased its holdings in ProShares Ultra Gold by 300.0% during the second quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after buying an additional 2,250 shares during the period. Finally, Simplex Trading LLC raised its stake in ProShares Ultra Gold by 45.0% in the second quarter. Simplex Trading LLC now owns 6,285 shares of the company’s stock worth $217,000 after buying an additional 1,950 shares in the last quarter.

ProShares Ultra Gold Company 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.