ProShares UltraShort Gold (NYSEARCA:GLL) Short Interest Up 21.2% in February

ProShares UltraShort Gold (NYSEARCA:GLL) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 788,983 shares, an increase of 21.2% from the February 12th total of 651,204 shares. Based on an average trading volume of 5,418,045 shares, the short-interest ratio is currently 0.1 days. Approximately 9.0% of the company’s stock are sold short. Approximately 9.0% of the company’s stock are sold short. Based on an average trading volume of 5,418,045 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On ProShares UltraShort Gold

A number of institutional investors have recently modified their holdings of GLL. Saba Capital Management L.P. purchased a new position in shares of ProShares UltraShort Gold in the 4th quarter worth about $9,479,000. Raffles Associates LP bought a new stake in shares of ProShares UltraShort Gold during the fourth quarter valued at approximately $5,884,000. Simplex Trading LLC raised its holdings in ProShares UltraShort Gold by 3,304.2% in the 4th quarter. Simplex Trading LLC now owns 149,072 shares of the exchange traded fund’s stock worth $3,898,000 after acquiring an additional 144,693 shares during the last quarter. Genesis Financial Group LLC purchased a new position in ProShares UltraShort Gold in the 4th quarter worth approximately $2,395,000. Finally, Sykon Capital LLC bought a new position in ProShares UltraShort Gold in the 2nd quarter valued at approximately $1,596,000.

ProShares UltraShort Gold Trading Up 0.1%

NYSEARCA:GLL traded up $0.02 during mid-day trading on Monday, hitting $18.03. 11,022,671 shares of the company’s stock were exchanged, compared to its average volume of 10,051,478. The business has a fifty day moving average price of $19.21 and a 200 day moving average price of $26.46. ProShares UltraShort Gold has a one year low of $15.60 and a one year high of $56.96.

About ProShares UltraShort Gold

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.