ProShares Ultra Gold (UGL)
ARCA ARCA Primary Summary
UGL Chart
UGL: A Steady Decay History, And Leveraged ETF Dashboard
Leveraged ETFs have a non-linear behavior, and their price may drift relative to the underlying. This article reports drift data for 22 of them. ProShares Ultra Gold ETF shows significant decay in the long term due to beta-slippage and contango.
UGL 2x Gold 15% Dump: Start To Be A Potentially Risky Choice
Leveraged ETFs like ProShares Ultra Gold are risky during sideways or downtrending markets, with a high expense ratio of 0.95%. A critical period is approaching for gold due to a bullish U.S. dollar, rising Treasury yields. The spread between UGL and its unleveraged counterpart, such as SPDR® Gold Shares ETF, is widening and has reached a new high, indicating an overbought condition.
VanEck CEO: Bitcoin and Gold are Hedges for Fiscal Turbulence
VanEck CEO Jan van Eck joins Bloomberg Live from Future Proof and gives his financial view ahead of the Fed Decision.
ProShares Ultra Gold Dividends
ProShares Ultra Gold Earnings
ProShares Ultra Gold (UGL) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has ProShares Ultra Gold ever had a stock split?
ProShares Ultra Gold Profile
| ARCA Exchange | US Country |
Overview
The fund aims to achieve its investment goal by primarily engaging in various Financial Instruments including swap agreements, futures contracts, forward contracts, and option contracts, based on its benchmark index. It operates under normal market conditions and adjusts its investment strategies according to the discretion of the Sponsor. The fund is not designed to invest directly in commodities, instead, it focuses on derivatives and financial instruments that mirror the performance of its benchmark.
Products and Services
- Swap Agreements: These are contracts through which two parties exchange financial instruments or cash flows for a set period. This tool allows the fund to gain exposure to the underlying asset without owning it directly.
- Futures Contracts: A futures contract is a legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future. This helps the fund in hedging against price movements or to speculate on future price directions.
- Forward Contracts: Similar to futures contracts, forward contracts are agreements to buy or sell an asset at a future date for a price agreed upon today. Unlike futures, forwards are traded over-the-counter and can be customized to fit the needs of the fund, adding flexibility to its investment strategy.
- Option Contracts: Options give the fund the right, but not the obligation, to buy (call options) or sell (put options) a security or other financial asset at an agreed-upon price during a certain period or on a specific date. This can be used for hedging purposes or to speculate on the price movement of the underlying asset.
Contact Information
