GLL - ProShares UltraShort Gold
| Assets | $29.80M |
| NAV | $35.19 |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Beta (5Y) | -0.03 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $34.89 |
| Previous Close | $35.19 |
| Change ($) | -0.30 |
| Change (%) | -0.84% |
| Day's Open | 35.29 |
| Day's Range | 34.80 - 35.29 |
| Day's Volume | 42,972 |
| 52-Week Range | 27.18 - 41.16 |
Fund Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Gold SubindexSM. 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 and forward contracts) based on the fund's benchmark.
| Asset Class Commodity | Sector Precious Metals |
| Region North America | Inception Date Dec 1, 2008 |
| Exchange NYSEARCA | Ticker Symbol GLL |
| Index Tracked U.S. Dollar price of London PM Gold Fix | |
Gold prices have been under pressure this year. However, rising COVID-19 cases, AstraZeneca vaccine setback, dovish central banks and a moderately rising U.S. inflation could add gains to the precious m...
Gold dropped to the lowest level in more than two months with many analysts expecting the price to decline further in the near term.
The 4 most traded 2x and 3x leveraged gold ETFs are NUGT, DUST, UGL, and GLL.
While gold has had a strong year so far, breaking out above $1,550 an ounce, the highest level over the past six years, lately it appears the shiny metal may have lost some of its luster. Spot gold had ...