McElhenny Sheffield Capital Management LLC Takes Position in ProShares Ultra Gold (NYSEARCA:UGL)

McElhenny Sheffield Capital Management LLC acquired a new position in shares of ProShares Ultra Gold (NYSEARCA:UGL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,150 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in ProShares Ultra Gold in the fourth quarter valued at $70,000. IAM Advisory LLC acquired a new position in ProShares Ultra Gold during the 1st quarter worth about $257,000. EverSource Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Gold in the 4th quarter valued at about $1,592,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Gold in the first quarter valued at about $7,841,000.

ProShares Ultra Gold Trading Up 1.1%

Shares of UGL stock opened at $142.60 on Thursday. The business’s 50 day simple moving average is $138.29 and its 200 day simple moving average is $117.06. ProShares Ultra Gold has a one year low of $74.99 and a one year high of $153.80.

About ProShares Ultra Gold

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.