Hamilton Wealth LLC Takes $3.79 Million Position in ProShares UltraShort Gold $GLL

Hamilton Wealth LLC bought a new stake in shares of ProShares UltraShort Gold (NYSEARCA:GLL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 188,073 shares of the exchange traded fund’s stock, valued at approximately $3,795,000. Hamilton Wealth LLC owned 3.39% of ProShares UltraShort Gold at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of ProShares UltraShort Gold in the 2nd quarter valued at about $55,000. NewEdge Advisors LLC bought a new position in ProShares UltraShort Gold during the 4th quarter worth approximately $77,000. Bank of America Corp DE grew its holdings in ProShares UltraShort Gold by 55,280.0% during the second quarter. Bank of America Corp DE now owns 8,307 shares of the exchange traded fund’s stock valued at $185,000 after purchasing an additional 8,292 shares during the period. Two Sigma Securities LLC acquired a new position in ProShares UltraShort Gold during the second quarter valued at approximately $336,000. Finally, Group One Trading LLC bought a new stake in ProShares UltraShort Gold in the first quarter valued at approximately $366,000.

ProShares UltraShort Gold Price Performance

Shares of NYSEARCA GLL opened at $26.55 on Thursday. The company’s fifty day moving average is $24.89 and its 200-day moving average is $21.48. ProShares UltraShort Gold has a twelve month low of $15.60 and a twelve month high of $45.92.

ProShares UltraShort Gold Company Profile

ProShares UltraShort Gold (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the United States dollar p.m. fixing price for delivery in London. The Fund will not directly or physically hold the underlying gold, but instead, will seek exposure to gold through the use of financial instruments, whose value is based on the underlying price of gold to pursue their investment objective. The benchmark price of gold will be the United States dollar price of gold bullion as measured by the London afternoon fixing price per troy ounce of unallocated gold bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery.