ProShares Ultra Gold (NYSEARCA:UGL) Stock Price Up 3.2% – Still a Buy?

ProShares Ultra Gold (NYSEARCA:UGL) shares shot up 3.2% on Friday . The stock traded as high as $62.45 and last traded at $62.2780. 2,321,069 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 2,128,033 shares. The stock had previously closed at $60.34.

ProShares Ultra Gold News Roundup

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

• Positive Sentiment: Gold hit fresh record highs (~$4,550/oz) and momentum remains in buyers’ favor, directly supporting leveraged gold products like UGL. Gold (XAU/USD) Price Forecast: Rally Extends to Fresh Highs as Buyers Maintain Control
• Positive Sentiment: Major houses remain bullish on multi-year upside (Goldman Sachs projects spot gold toward $4,900/oz by Q4 2026), a tailwind for UGL over a longer horizon. “Gold remains our single favorite long commodity,” spot price to reach $4,900/oz in Q4 2026 – Goldman Sachs
• Positive Sentiment: Technical breakouts and sustained safe-haven flows have produced an eight‑week rally and continued upside momentum, amplifying gains for UGL holders. Gold (XAU/USD) Price Forecast: Breakout Extends Eight-Week Rally, Support Holds Strong
• Neutral Sentiment: ETF flows debate: analysts compare gold vs. silver ETFs for 2026 — this may shift some investor interest between precious-metal ETFs but doesn’t change gold’s immediate price driver. Gold Or Silver ETFs: What Could Rally More in 2026?
• Neutral Sentiment: Industry financing news (U.S. Gold Corp raised $31M) is company‑specific and unlikely to materially move UGL, though it signals continued capital activity in the sector. U.S. Gold Corp raises $31M to advance gold project – ICYMI
• Negative Sentiment: Several analysts and technical reports warn of overbought readings and short-term pullback risk (some forecasts cite possible corrections toward lower intraday support), which would be amplified in UGL. Gold News: Gold Analysis Highlights Pullback Risk Despite Long-Term Bullish Trend

ProShares Ultra Gold Stock Performance

The business’s 50-day moving average price is $52.83 and its 200-day moving average price is $43.91.

Institutional Trading of ProShares Ultra Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position in shares of ProShares Ultra Gold by 1,665.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,648 shares of the company’s stock valued at $341,000 after buying an additional 2,498 shares in the last quarter. Everstar Asset Management LLC purchased a new stake in ProShares Ultra Gold in the 1st quarter worth approximately $7,851,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in ProShares Ultra Gold by 300.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,080 shares of the company’s stock worth $141,000 after acquiring an additional 3,060 shares during the period. IAM Advisory LLC lifted its holdings in ProShares Ultra Gold by 300.0% during the second quarter. IAM Advisory LLC now owns 7,988 shares of the company’s stock valued at $277,000 after purchasing an additional 5,991 shares in the last quarter. Finally, PMV Capital Advisers LLC lifted its holdings in ProShares Ultra Gold by 252.4% during the second quarter. PMV Capital Advisers LLC now owns 62,456 shares of the company’s stock valued at $2,165,000 after purchasing an additional 44,732 shares in the last quarter.

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.