Cassaday & Co Wealth Management LLC Has $272,000 Stock Position in ProShares Ultra Gold $UGL

Cassaday & Co Wealth Management LLC lessened its holdings in shares of ProShares Ultra Gold (NYSEARCA:UGL) by 85.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,900 shares of the company’s stock after selling 28,736 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in ProShares Ultra Gold were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ausdal Financial Partners Inc. grew its position in shares of ProShares Ultra Gold by 3.3% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 7,100 shares of the company’s stock worth $327,000 after purchasing an additional 230 shares in the last quarter. Strategic Advocates LLC acquired a new position in shares of ProShares Ultra Gold during the 3rd quarter worth approximately $29,000. Group One Trading LLC grew its position in shares of ProShares Ultra Gold by 711.7% during the 2nd quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock worth $89,000 after purchasing an additional 2,256 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of ProShares Ultra Gold by 1,665.3% during the 1st 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, Composition Wealth LLC acquired a new position in shares of ProShares Ultra Gold during the 4th quarter worth approximately $226,000.

ProShares Ultra Gold News Summary

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

• Positive Sentiment: Gold moved higher as U.S. Treasury yields fell, which improves the appeal of non-yielding assets like gold and can lift UGL. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher Amid Falling Treasury Yields
• Positive Sentiment: Weaker U.S. data, including softer consumer sentiment and rising jobless claims, pushed spot gold to session highs and supported demand for gold exposure. Spot gold hits session high after preliminary Consumer Sentiment drops to 48.2, one-year inflation expectations dip to 4.5%
• Positive Sentiment: Gold also gained after April payrolls came in above forecasts but still left room for rate-cut expectations, keeping support under the metal. Gold, silver extend gains as payrolls beat forecasts – Kitco AM Report
• Positive Sentiment: Persistent U.S.-Iran tensions and peace-trade uncertainty have reinforced gold’s safe-haven bid, which is supportive for UGL. Gold Rises on Signs of Ongoing U.S.-Iran Tensions
• Neutral Sentiment: Analysts said gold-stock weakness could create M&A opportunities for producers as cash flow rises, a longer-term industry theme rather than an immediate ETF catalyst. Gold stock weakness may create M&A openings as producer cash flow rises – John Feneck
• Negative Sentiment: Some reports noted gold’s rally faded when oil rebounded and Treasury yields moved higher, which can pressure gold and weigh on UGL if that trend persists. Gold News: Gold Rally Fades as Oil Rebounds and Treasury Yields Turn Higher

ProShares Ultra Gold Stock Performance

Shares of NYSEARCA:UGL opened at $61.79 on Friday. The company’s 50 day moving average price is $65.10 and its two-hundred day moving average price is $61.57. ProShares Ultra Gold has a 12-month low of $32.11 and a 12-month high of $90.40.

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.