EverSource Wealth Advisors LLC Sells 12,999 Shares of ProShares Ultra Gold $UGL

EverSource Wealth Advisors LLC lessened its stake in shares of ProShares Ultra Gold (NYSEARCA:UGL) by 36.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,001 shares of the company’s stock after selling 12,999 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ProShares Ultra Gold were worth $1,059,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC bought a new position in shares of ProShares Ultra Gold during the 3rd quarter valued at approximately $4,988,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of ProShares Ultra Gold by 23.9% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 77,800 shares of the company’s stock worth $3,583,000 after purchasing an additional 15,000 shares during the period. Cassaday & Co Wealth Management LLC lifted its stake in ProShares Ultra Gold by 218.5% in the second quarter. Cassaday & Co Wealth Management LLC now owns 35,936 shares of the company’s stock valued at $1,246,000 after purchasing an additional 24,652 shares during the last quarter. Advisory Alpha LLC purchased a new position in ProShares Ultra Gold in the second quarter valued at approximately $929,000. Finally, MGO One Seven LLC grew its holdings in ProShares Ultra Gold by 34.0% during the third quarter. MGO One Seven LLC now owns 19,688 shares of the company’s stock valued at $907,000 after purchasing an additional 4,994 shares during the period.

ProShares Ultra Gold Price Performance

NYSEARCA:UGL opened at $75.95 on Thursday. The business has a fifty day simple moving average of $66.78 and a two-hundred day simple moving average of $53.66. ProShares Ultra Gold has a 1 year low of $26.59 and a 1 year high of $90.40.

ProShares Ultra Gold News Summary

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

• Positive Sentiment: Gold is holding key Fibonacci and moving-average support near $5,250, which technical analysts say supports a move toward $5,345 if short-term support holds. Gold (XAU/USD) Price Forecast: Buyers Hold Key Fibonacci Support
• Positive Sentiment: Major bank forecasts point to materially higher gold prices (J.P. Morgan projects ~$6,300 by year-end 2026), which would be supportive for UGL over the coming months. Gold price will rise 22% above current level to reach $6,300 by year-end 2026 – J.P. Morgan
• Positive Sentiment: Other bullish outlooks (MKS PAMP) label the gold bull market as “mid-cycle” with upside to ~$6,750 by the U.S. midterms — another tailwind for leveraged long-gold products. Gold bull market still ‘mid-cycle,’ could reach $6,750 by U.S. Midterms: MKS PAMP
• Positive Sentiment: Strength in silver and platinum (technical buying and large percentage gains) is lifting precious-metals sentiment broadly, which tends to support leveraged gold ETFs like UGL. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars Above $90.00 As Rally Continues
• Neutral Sentiment: Longer-term structural moves (China seeking greater market influence; new mining exchanges) could increase liquidity and price discovery in gold but are uncertain for near-term price direction. China to ‘expand the country’s market share and influence on prices in the international gold market’ – Hong Kong official
• Neutral Sentiment: New regional initiatives (e.g., Türkiye’s planned mining exchange) are supportive for the sector but have limited immediate impact on gold spot price. Türkiye to establish new mining exchange in 2026 to boost financing and price transparency as $5,000/oz gold becomes ‘new normal’
• Negative Sentiment: Technical warnings: some analysts say if gold fails to decisively break $5,200–$5,300 soon, momentum exhaustion could trigger a sharp pullback (scenarios cited down toward ~$4,380), which would hit 2x leveraged UGL harder. Gold bulls need to break $5,200 and $5,300 soon or momentum exhaustion could see gold fall as far as $4,380/oz – Forex.com’s Hilal
• Negative Sentiment: Near-term profit-taking and position adjustments (reported across markets) plus occasional hawkish Fed signals have caused intra-day retreats in gold — the type of short-term volatility that can pressure leveraged long ETFs like UGL. Gold Edges Higher Amid Possible Position Adjustments

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.