ProShares Ultra Gold (NYSEARCA:UGL) Hits New 12-Month High – Should You Buy?

ProShares Ultra Gold (NYSEARCA:UGL)’s stock price reached a new 52-week high on Monday . The company traded as high as $59.26 and last traded at $59.0720, with a volume of 1099152 shares trading hands. The stock had previously closed at $56.78.

Trending Headlines about ProShares Ultra Gold

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

• Positive Sentiment: Precious metals hit record highs on broad safe‑haven demand and year‑end rebalancing, underpinning strong upside for gold-linked products like UGL. Strong price gains, record highs in gold, silver–safe-haven demand
• Positive Sentiment: Multiple outlets report gold and silver surging to all‑time highs on technical breakouts and momentum chasing — a bullish technical backdrop that tends to amplify moves in leveraged gold ETFs such as UGL. Gold and Silver Surge to Record Highs. This Has Driven Prices Even Higher in a Stellar Run.
• Positive Sentiment: Market commentary highlights Fed pause/cut expectations, softer inflation and weak U.S. data as drivers of bullion’s rally — macro forces that increase the appeal of gold and support leveraged long exposures like UGL. Gold (XAUUSD) & Silver Price Forecast: Fed Pause Bets Fuel Breakout Momentum
• Positive Sentiment: Technical analyses and forecasts show recent breakouts (e.g., above $4,381) and call for continued upside into 2026 — momentum signals that can attract trend-following flows into UGL. Gold (XAUUSD) Price Forecast: Gold Rally Accelerates After $4381.44 Breakout
• Positive Sentiment: Precious‑metals miners outperformed on European markets as spot gold and silver set records — mining strength often confirms and amplifies bullion rallies, which supports demand for gold ETFs. Endeavour and Fresnillo top FTSE 100 as gold and silver hit fresh highs
• Neutral Sentiment: Intraday technical writeups outline key entry/exit levels for active traders — useful for short‑term positioning but reflect trader activity rather than new fundamental shifts. Gold market analysis for December 22 – key intra-day price entry levels for active traders
• Neutral Sentiment: Company-level mining deals (e.g., Ariana Resources’ A$8m agreement) lift some sector names but have limited direct impact on UGL, which tracks bullion rather than individual miners. Ariana shares jump 9% on A$8m strategic deal for Zimbabwe gold project

ProShares Ultra Gold Trading Up 4.6%

The stock’s fifty day moving average price is $52.18 and its 200-day moving average price is $43.08.

Hedge Funds Weigh In On ProShares Ultra Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Advocates LLC purchased a new stake in shares of ProShares Ultra Gold during the third quarter worth $29,000. Country Trust Bank purchased a new stake in shares of ProShares Ultra Gold during the 2nd quarter worth about $31,000. Group One Trading LLC lifted its holdings in shares of ProShares Ultra Gold by 711.7% during the 2nd quarter. Group One Trading LLC now owns 2,573 shares of the company’s stock valued at $89,000 after buying an additional 2,256 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of ProShares Ultra Gold by 1,665.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,648 shares of the company’s stock valued at $341,000 after buying an additional 2,498 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake in shares of ProShares Ultra Gold by 300.0% in the 2nd quarter. Rothschild Investment LLC now owns 3,000 shares of the company’s stock valued at $104,000 after buying an additional 2,250 shares in 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.