ProShares UltraShort Gold $GLL Shares Sold by Genesis Financial Group LLC

Genesis Financial Group LLC trimmed its stake in shares of ProShares UltraShort Gold (NYSEARCA:GLL) by 62.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 34,384 shares of the exchange traded fund’s stock after selling 57,203 shares during the quarter. Genesis Financial Group LLC’s holdings in ProShares UltraShort Gold were worth $694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GLL. Saba Capital Management L.P. acquired a new position in shares of ProShares UltraShort Gold during the 4th quarter worth about $9,479,000. Raffles Associates LP acquired a new position in shares of ProShares UltraShort Gold during the fourth quarter valued at approximately $5,884,000. Simplex Trading LLC lifted its position in shares of 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 valued at $3,898,000 after acquiring an additional 144,693 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort Gold in the fourth quarter worth approximately $1,536,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraShort Gold during the fourth quarter worth approximately $1,516,000.

ProShares UltraShort Gold Price Performance

NYSEARCA GLL opened at $26.55 on Thursday. The business has a fifty day moving average price of $24.89 and a 200 day moving average price of $21.48. ProShares UltraShort Gold has a one year low of $15.60 and a one year high of $45.92.

ProShares UltraShort Gold Profile

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.