Drive Wealth Management LLC Takes $320,000 Position in ProShares Ultra Gold (NYSEARCA:UGL)

Drive Wealth Management LLC bought a new stake in shares of ProShares Ultra Gold (NYSEARCA:UGL) in the fourth quarter, Holdings Channel reports. The fund bought 3,426 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UGL. Barclays PLC bought a new position in shares of ProShares Ultra Gold during the 3rd quarter valued at approximately $67,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of ProShares Ultra Gold during the 3rd quarter valued at approximately $639,000. Flow Traders U.S. LLC lifted its stake in shares of ProShares Ultra Gold by 24.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 7,348 shares of the company’s stock valued at $705,000 after buying an additional 1,431 shares in the last quarter. EWG Elevate Inc. purchased a new stake in shares of ProShares Ultra Gold during the 3rd quarter valued at approximately $1,414,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of ProShares Ultra Gold during the 3rd quarter valued at approximately $1,596,000.

ProShares Ultra Gold Stock Performance

Shares of UGL stock opened at $100.97 on Tuesday. The firm’s 50 day moving average is $96.12 and its 200 day moving average is $93.10. ProShares Ultra Gold has a 12 month low of $58.20 and a 12 month high of $107.20.

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.