GenWealth Group Inc. decreased its holdings in shares of ProShares Ultra Gold (NYSEARCA:UGL) by 38.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,109 shares of the company’s stock after selling 5,593 shares during the period. GenWealth Group Inc.’s holdings in ProShares Ultra Gold were worth $427,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. IMC Chicago LLC bought a new position in shares of ProShares Ultra Gold during the second quarter valued at approximately $661,000. Jane Street Group LLC increased its stake in shares of ProShares Ultra Gold by 41.6% during the second quarter. Jane Street Group LLC now owns 12,567 shares of the company’s stock valued at $550,000 after purchasing an additional 3,690 shares in the last quarter. Morgan Stanley increased its stake in shares of ProShares Ultra Gold by 435.2% during the second quarter. Morgan Stanley now owns 5,229 shares of the company’s stock valued at $229,000 after purchasing an additional 4,252 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new position in shares of ProShares Ultra Gold during the second quarter valued at approximately $31,498,000.
Shares of NYSEARCA UGL traded down $0.39 on Monday, reaching $48.56. 2,790 shares of the company’s stock traded hands, compared to its average volume of 102,023. ProShares Ultra Gold has a 12 month low of $32.25 and a 12 month high of $52.64. The business’s 50 day simple moving average is $49.58 and its two-hundred day simple moving average is $42.50.
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.
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