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UGL

$--
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1d
1w
1m

Analysis and statistics

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About

UGL.F represents the ProShares Ultra Gold ETF, a financial product designed to deliver twice the daily performance of the price of gold bullion. It aims to provide leveraged exposure to gold, meaning it seeks to amplify gains when gold prices rise but also magnify losses when gold prices fall. As an Exchange Traded Fund (ETF), UGL.F trades on stock exchanges, offering investors a relatively liquid way to gain short-term leveraged exposure to the gold market. However, due to the effects of compounding and volatility, its performance over periods longer than a single day can significantly differ from two times the cumulative return of gold.
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Factors

UGL.F, being a leveraged exchange-traded fund (ETF) tracking gold, is primarily affected by: Spot Gold Price: Its core performance is directly linked to gold's market value.

Leverage Ratio: UGL.F amplifies gold's daily price movements; higher leverage, bigger swings.

Management Fees & Expenses: These reduce overall returns; higher fees, lower returns.

Interest Rates: Rising rates can diminish gold's appeal and UGL.F's price.

Market Sentiment: Investor confidence (or lack thereof) influences demand for gold as a safe haven.

Currency Fluctuations: Changes in the USD/CHF exchange rate can impact UGL.F's price as it is traded in Swiss Francs.

ETF Supply & Demand: Creation and redemption activity can impact the fund's premium or discount.

Geopolitical Events: Uncertainties often drive investors to gold, boosting UGL.F.

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