Corient Private Wealth LLC Trims Stock Position in ProShares Ultra Gold (NYSEARCA:UGL)

Corient Private Wealth LLC cut its holdings in ProShares Ultra Gold (NYSEARCA:UGL) by 47.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the company’s stock after selling 2,700 shares during the period. Corient Private Wealth LLC’s holdings in ProShares Ultra Gold were worth $280,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in shares of ProShares Ultra Gold during the third quarter valued at about $67,000. Rothschild Investment LLC purchased a new position in shares of ProShares Ultra Gold during the 4th quarter worth approximately $70,000. Drive Wealth Management LLC acquired a new stake in ProShares Ultra Gold in the 4th quarter valued at approximately $320,000. Flow Traders U.S. LLC raised its position in ProShares Ultra Gold by 24.2% in the third quarter. Flow Traders U.S. LLC now owns 7,348 shares of the company’s stock valued at $705,000 after purchasing an additional 1,431 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Gold during the fourth quarter worth $1,592,000.

ProShares Ultra Gold Stock Performance

UGL opened at $128.72 on Tuesday. ProShares Ultra Gold has a 52 week low of $72.75 and a 52 week high of $129.00. The business has a fifty day simple moving average of $112.79 and a 200-day simple moving average of $102.40.

About ProShares Ultra Gold

ProShares Ultra Gold (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance. The Fund generally invests in financial instruments as a substitute for investing directly in a commodity or currency in order to gain exposure to the commodity index, commodity or currency.