China Universal Asset Management Co. Ltd. increased its position in shares of ProShares Ultra Gold (NYSEARCA:UGL – Free Report) by 221.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,000 shares of the company’s stock after purchasing an additional 61,300 shares during the period. ProShares Ultra Gold accounts for about 0.8% of China Universal Asset Management Co. Ltd.’s investment portfolio, making the stock its 25th largest holding. China Universal Asset Management Co. Ltd.’s holdings in ProShares Ultra Gold were worth $8,320,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UGL. Drive Wealth Management LLC bought a new position in shares of ProShares Ultra Gold during the 4th quarter valued at about $320,000. Barclays PLC acquired a new stake in ProShares Ultra Gold during the third quarter valued at approximately $67,000. Flow Traders U.S. LLC boosted its holdings in ProShares Ultra Gold by 24.2% during the third quarter. Flow Traders U.S. LLC now owns 7,348 shares of the company’s stock worth $705,000 after buying an additional 1,431 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in ProShares Ultra Gold in the third quarter worth approximately $1,596,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in ProShares Ultra Gold in the third quarter worth approximately $639,000.
ProShares Ultra Gold Trading Down 1.1 %
Shares of NYSEARCA:UGL opened at $105.34 on Friday. The stock has a fifty day moving average of $96.75 and a 200-day moving average of $93.53. ProShares Ultra Gold has a one year low of $58.20 and a one year high of $107.66.
ProShares Ultra Gold 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.
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