Markets.com Logo

UGL

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    34.764$
  • Previous Close
    34.9677$
  • 52 Week Change
    --
  • Day Range
    -0.20$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

UGL.US is the ticker symbol for the ProShares Ultra Gold ETF. This ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex. It is a leveraged ETF, meaning it aims to amplify the returns of the underlying index, but it also amplifies the risk. Due to the effects of compounding, UGL is not designed for long-term holding and is best suited for sophisticated investors who actively monitor their positions and understand the risks associated with leveraged products. The fund invests primarily in financial instruments that track gold, such as swaps and futures contracts, rather than directly holding physical gold.

Gold's Safe-Haven Status Under Scrutiny: Market Dynamics and Price Outlook

Emma Rose|--

Trump's Iran War Exit Without a Deal: Reshaping Middle East Energy Security and Power Dynamics

Emma Rose|--
European market insights: What is the European stock market doing right now?

European market insights: What is the European stock market doing right now?

Ghko B|--
EUR/USD Analysis Today: EUR/USD Gains to 1.1550 as Middle East Uncertainty Lingers

EUR/USD Analysis Today: EUR/USD Gains to 1.1550 as Middle East Uncertainty Lingers

Ghko B|--

Microsoft at a Crossroads: AI Hurdles and Cloud Resilience Amidst Market Volatility

Sophia Claire|--

Iran's Hormuz Gambit: Leveraging a Chokepoint for Economic Leverage and Global Impact

Ava Grace|--

Gold Market Resilience: Navigating Sell-offs and Sustaining Bull Run

Noah Lee|--

Factors

Underlying Gold Price: UGL's value mirrors the price fluctuations of gold bullion. Increases in gold prices typically drive UGL upwards, while decreases cause it to fall.

Market Sentiment: Investor optimism or pessimism towards gold as a safe haven asset influences demand for UGL, impacting its price.

Interest Rates: Rising interest rates can negatively affect gold prices, potentially decreasing UGL's value, as gold becomes less attractive compared to yield-bearing assets.

Currency Fluctuations: Changes in the US dollar's value against other currencies can influence gold prices, subsequently impacting UGL's price. A weaker dollar typically boosts gold.

Inflation: High inflation often increases gold's appeal as an inflation hedge, potentially raising demand for UGL and pushing its price higher.

Geopolitical Instability: Global uncertainties and crises can drive investors towards gold as a safe haven, increasing demand for UGL.

People Also Watch

Latest news

US Steel and Aluminum Tariffs Revamped: Simplification Amidst Potential Cost Increases

Noah Lee|--

SpaceX Files Secret IPO Bid, Eyeing Record-Breaking $1.75 Trillion Valuation

Ava Grace|--

US Intelligence: Iran Unwilling to Engage in Substantive Talks to End War

Sophia Claire|--

Latest Education Articles

What Is Sensex in Stock Market: Meaning, Calculation, and Why It Matters for Investors

What Is Sensex in Stock Market: Meaning, Calculation, and Why It Matters for Investors

Ghko B|--
Investing basics for beginners: What are the 4 economic indicators?

Investing basics for beginners: What are the 4 economic indicators?

Frances Wang|--
CFDs vs Options: What’s the Difference?

CFDs vs Options: What’s the Difference?

Julian Parker|--