(UGL) ProShares Ultra Gold - Overview
ETF Category: Trading--Leveraged Commodities | Exchange: NYSE ARCA (USA) | Market Cap: 1.047m USD | Total Return: 93% in 12m
TER: 0.95%
Avg Turnover: 221M USD
Peers RS (IBD): 16.7
Warnings
Choppy
Tailwinds
No distinct edge detected
UGL is an exchange-traded fund (ETF) that aims to provide leveraged returns based on a gold benchmark. This fund utilizes various financial instruments, such as swaps and futures, to achieve its investment objective, rather than directly holding physical gold. The specific mix of these instruments can change daily at the discretion of the funds sponsor.
Leveraged ETFs use financial derivatives and debt to amplify the returns of an underlying index. These funds are typically used for short-term trading strategies due to their sensitivity to compounding and volatility decay over longer periods. Investors should consider further research into the specific risks associated with leveraged commodity ETFs on platforms like ValueRay.
- Gold price movements dictate fund performance
- Futures contract rollovers impact fund returns
- Interest rate changes influence gold demand
- Inflation expectations drive gold investment interest
Over the past week, the price has changed by +4.34%, over one month by -17.76%, over three months by +0.65% and over the past year by +92.98%.
| Analysts Target Price | - | - |