Short Interest in ProShares UltraShort Gold (NYSEARCA:GLL) Drops By 59.1%

Posted by Patrick Bannon on Jul 27th, 2026

ProShares UltraShort Gold (NYSEARCA:GLL – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 312,244 shares, a drop of 59.1% from the June 30th total of 763,723 shares. Based on an average daily volume of 1,506,732 shares, the short-interest ratio is currently 0.2 days. Approximately 6.5% of the company’s shares are short sold.

ProShares UltraShort Gold Price Performance

NYSEARCA:GLL opened at $26.40 on Monday. ProShares UltraShort Gold has a fifty-two week low of $15.60 and a fifty-two week high of $45.92. The stock’s 50-day moving average is $24.59 and its two-hundred day moving average is $21.44.

Hedge Funds Weigh In On ProShares UltraShort Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. bought a new position in shares of ProShares UltraShort Gold during the 4th quarter valued at $9,479,000. Raffles Associates LP bought a new stake in ProShares UltraShort Gold in the fourth quarter worth $5,884,000. Hamilton Wealth LLC bought a new stake in ProShares UltraShort Gold in the first quarter worth $3,795,000. Simplex Trading LLC boosted its holdings in ProShares UltraShort Gold by 3,304.2% in the fourth quarter. Simplex Trading LLC now owns 149,072 shares of the exchange traded fund’s stock worth $3,898,000 after purchasing an additional 144,693 shares in the last quarter. Finally, Genesis Financial Group LLC acquired a new position in ProShares UltraShort Gold during the fourth quarter worth $2,395,000.

About ProShares UltraShort Gold

(Get Free Report)

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.