Wolverine Trading LLC Purchases Shares of 5,719 ProShares UltraShort Gold (NYSEARCA:GLL)

Wolverine Trading LLC acquired a new position in shares of ProShares UltraShort Gold (NYSEARCA:GLL – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,719 shares of the exchange traded fund’s stock, valued at approximately $213,000. Wolverine Trading LLC owned about 0.95% of ProShares UltraShort Gold at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Simplex Trading LLC acquired a new stake in shares of ProShares UltraShort Gold in the third quarter valued at approximately $283,000. Flow Traders U.S. LLC purchased a new position in ProShares UltraShort Gold during the 2nd quarter worth $319,000. UBS Group AG acquired a new position in ProShares UltraShort Gold in the second quarter valued at $85,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ProShares UltraShort Gold in the third quarter valued at about $1,665,000.

ProShares UltraShort Gold Stock Performance

Shares of GLL stock opened at $30.67 on Tuesday. ProShares UltraShort Gold has a 52-week low of $24.14 and a 52-week high of $39.37. The stock’s 50-day moving average price is $29.70 and its 200 day moving average price is $33.15.

About ProShares UltraShort Gold

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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.