ProShares Ultra Gold (UGL)Trading--Leveraged Commodities | Exchange Traded Fund | NYSEArca
43.38 USD
-2.38
(-5.201%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:24 a.m. EDT
The 2x leveraged nature of this instrument creates a dangerous feedback loop that is currently punishing the holder. Despite a strong multi-year price trajectory driven by the underlying gold rally, the recent 14-day price action shows significant volatility and a failure to recover from intraweek lows, leaving the fund significantly underwater against its moving averages. The options market confirms this pessimism, with traders aggressively buying deep out-of-the-money puts while offering very little premium for upside moves. This asymmetry suggests that while the long-term thesis on gold may remain intact, the specific vehicle of 2x leverage is currently a liability due to compounding drag and high volatility. Without a dividend to offset decay, holding this position requires a belief in an immediate, violent reversal of the underlying asset, which the current options flow does not support. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.062825 |
| MSTL | 0.115041 |
| AutoARIMA | 0.126610 |
| AutoETS | 0.126615 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 14.81 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.133 |
| Excess Kurtosis | -0.36 |
As of July 11, 2026, 4:24 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (3.6k contracts at $51 strike for July expiry) compared to negligible call volume. While there is some speculative call activity at distant strikes ($65-$70), the overwhelming capital allocation is defensive, suggesting a fear of a sharp correction in the leveraged gold ETF.
| Attribute | Value |
|---|---|
| All Time High | 90.4 |
| All Time Low | 5.715 |
| Ask | 0.0 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 1,637,040 |
| Average Daily Volume3 Month | 2,251,921 |
| Average Volume | 2,251,921 |
| Average Volume10Days | 1,637,040 |
| Beta3 Year | 0.57 |
| Bid | 0.0 |
| Bid Size | 1,900 |
| Category | Trading--Leveraged Commodities |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 44.75 |
| Day Low | 43.03 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 52.6206 |
| Fifty Day Average Change | -9.240601 |
| Fifty Day Average Change Percent | -0.17560804 |
| Fifty Two Week Change Percent | 29.375172 |
| Fifty Two Week High | 90.4 |
| Fifty Two Week High Change | -47.02 |
| Fifty Two Week High Change Percent | -0.5201327 |
| Fifty Two Week Low | 33.54 |
| Fifty Two Week Low Change | 9.84 |
| Fifty Two Week Low Change Percent | 0.29338104 |
| Fifty Two Week Range | 33.54 - 90.4 |
| First Trade Date Milliseconds | 1,228,314,600,000 |
| Five Year Average Return | 0.23799449 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,228,089,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts and option contracts) based on the benchmark. The types and mix of Financial Instruments in which the fund invests may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity. |
| Long Name | ProShares Ultra Gold |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_51310772 |
| Nav Price | 45.685 |
| Net Assets | 638,707,840.0 |
| Net Expense Ratio | 1.19 |
| Open | 44.73 |
| Phone | 240-497-6400 |
| Pre Market Change | 0.43999863 |
| Pre Market Change Percent | 1.0142891 |
| Pre Market Price | 43.82 |
| Pre Market Time | 1,784,022,809 |
| Previous Close | 45.76 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.38 |
| Regular Market Change Percent | -5.20104 |
| Regular Market Day High | 44.75 |
| Regular Market Day Low | 43.03 |
| Regular Market Day Range | 43.03 - 44.75 |
| Regular Market Open | 44.73 |
| Regular Market Previous Close | 45.76 |
| Regular Market Price | 43.38 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 1,949,445 |
| Short Name | ProShares Ultra Gold |
| Source Interval | 15 |
| Symbol | UGL |
| Three Year Average Return | 0.42058048 |
| Total Assets | 638,707,840 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -27.27228 |
| Trailing Three Month Returns | -27.27228 |
| Triggerable | 1 |
| Two Hundred Day Average | 58.168 |
| Two Hundred Day Average Change | -14.787998 |
| Two Hundred Day Average Change Percent | -0.2542291 |
| Type Disp | ETF |
| Volume | 1,949,445 |
| Yield | 0.0 |
| Ytd Return | -21.20036 |