ProShares UltraShort Gold (NYSEARCA:GLL) Stock Pass Above 200 Day Moving Average of $28.65

ProShares UltraShort Gold (NYSEARCA:GLL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.65 and traded as high as $29.67. ProShares UltraShort Gold shares last traded at $29.63, with a volume of 25,448 shares changing hands.

ProShares UltraShort Gold Trading Up 2.3 %

The stock’s fifty day moving average price is $29.80 and its 200-day moving average price is $28.65.

Institutional Trading of ProShares UltraShort Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in shares of ProShares UltraShort Gold during the 3rd quarter worth approximately $25,000. Simplex Trading LLC increased its stake in ProShares UltraShort Gold by 1,543.8% during the first quarter. Simplex Trading LLC now owns 2,663 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 2,501 shares during the last quarter. Morgan Stanley purchased a new stake in ProShares UltraShort Gold in the fourth quarter valued at $82,000. UBS Group AG purchased a new position in shares of ProShares UltraShort Gold during the 2nd quarter worth $85,000. Finally, Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Gold during the 3rd quarter worth about $626,000.

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.