ProShares Ultra Gold (NYSEARCA:UGL) Stock Price Up 11.2% – Time to Buy?

ProShares Ultra Gold (NYSEARCA:UGL)’s share price were up 11.2% during mid-day trading on Tuesday . The stock traded as high as $70.10 and last traded at $69.6770. Approximately 1,832,832 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 8,201,491 shares. The stock had previously closed at $62.66.

More ProShares Ultra Gold News

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

• Positive Sentiment: Precious metals staged a broad rebound after a heavy sell-off, with silver surging and buyers stepping in to buy dips — a direct tailwind for gold-exposed leveraged ETFs like UGL. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 9% As Traders Buy The Dip
• Positive Sentiment: Market coverage notes gold and silver holding strong gains as risk appetite eases — further supporting bullion demand and leveraged longs. Gold, silver holding strong gains as risk appetite fades a bit
• Positive Sentiment: Analysts and big banks remain bullish on longer-term gold prices (J.P. Morgan and Deutsche Bank reiterated strong targets), reinforcing investor conviction that recent volatility is a buying opportunity. J.P. Morgan expects gold prices to reach $6,300/oz by end of 2026
• Neutral Sentiment: Commentary suggests the recent correction removed speculative premium and traders are refocusing on rebuilding support levels — constructive for a steadier recovery but implies range trading until momentum confirms. Time for a Reset: Let’s Talk About Gold and Silver Without the Hype
• Neutral Sentiment: Growth in tokenized gold products is increasing demand for gold exposure but carries custody and regulatory risks that could complicate flows into traditional ETFs like UGL over time. Precious metal price fluctuations could test fast-growing gold token market
• Negative Sentiment: Political and Fed-related developments (nominations that signal a tighter Fed path) were a primary trigger of the prior sell-off and remain an ongoing risk for gold — renewed rate-hike expectations or a stronger dollar could send UGL lower quickly. Gold Falls as Markets Further Price in Warsh-Led Fed

ProShares Ultra Gold Stock Up 10.7%

The stock’s fifty day simple moving average is $60.51 and its two-hundred day simple moving average is $49.38.

Hedge Funds Weigh In On ProShares Ultra Gold

A number of hedge funds have recently added to or reduced their stakes in UGL. Strategic Advocates LLC bought a new stake in ProShares Ultra Gold in the 3rd quarter worth about $29,000. Country Trust Bank purchased a new stake in ProShares Ultra Gold during the second quarter valued at $31,000. Group One Trading LLC lifted its holdings in ProShares Ultra Gold by 711.7% in the second quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock valued at $89,000 after acquiring an additional 2,256 shares during the period. Jones Financial Companies Lllp boosted its position in ProShares Ultra Gold by 1,665.3% in the first 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 during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of ProShares Ultra Gold by 300.0% during the 2nd quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after purchasing an additional 2,250 shares during 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.