ProShares Ultra Gold (UGL)

NYSEARCA: UGL · Real-Time Price · USD
53.45
-0.76 (-1.40%)
At close: Dec 2, 2025, 4:00 PM EST
53.24
-0.21 (-0.39%)
Pre-market: Dec 3, 2025, 4:41 AM EST
-1.40%
Assets$917.41M
Expense Ratio0.95%
PE Ration/a
Shares Out17.05M
Dividend (ttm)n/a
Dividend Yieldn/a
Ex-Dividend Daten/a
Payout Frequencyn/a
Payout Ration/a
Volume3,027,014
Open53.91
Previous Close54.21
Day's Range52.26 - 53.97
52-Week Low22.63
52-Week High58.75
Beta0.28
Holdings15
Inception DateDec 1, 2008

About UGL

Fund Home Page

The ProShares Ultra Gold (UGL) is an exchange-traded fund that is based on the Bloomberg Gold Subindex index. The fund provides 2x the daily performance of gold, as measured by the price of COMEX gold futures contracts. UGL was launched on Dec 1, 2008 and is issued by ProShares.

Asset Class Commodity
Category Trading--Leveraged Commodities
Stock Exchange NYSEARCA
Ticker Symbol UGL
ETF Provider ProShares
Index Tracked Bloomberg Gold Subindex

Top 10 Holdings

148.43% of assets
NameSymbolWeight
Gold Future Feb 26n/a47.59%
Bloomberg Gold Subindex Swap - Citibank Nan/a33.02%
Bloomberg Gold Subindex Swap - Ubs Agn/a19.23%
United States Treasury Bills 0%B.0 12.26.2511.68%
United States Treasury Bills 0%B.0 01.06.2610.20%
Royal Bk Of Scot 0%n/a5.94%
United States Treasury Bills 0%B.0 12.04.255.85%
United States Treasury Bills 0%B.0 12.23.255.84%
United States Treasury Bills 0%B.0 02.12.264.94%
Bny Mellon Cash Reserven/a4.14%
View More Holdings

Performance

UGL had a total return of 121.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.61%.

News

Gold (XAUUSD) & Silver Price Forecast: Markets Brace for ADP, PCE as Metals Hold Gains

Gold inches higher as traders price in an 89% Fed rate-cut chance, while silver extends its record rally on tight supply and strong industrial demand.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
3 hours ago - FXEmpire

Bitcoin's warning for Nvidia, AI stocks, and gold

You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Bitcoin's (BTC-USD) sharp drop into bear-market territory might be the market's first real warning fla...

4 hours ago - Yahoo Finance

Gold (XAUUSD) and Silver Analysis: Weak Manufacturing Supports Upside Momentum

Gold and silver prices rebound from the key support as weak manufacturing and technical patterns support a long-term bullish outlook.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
6 hours ago - FXEmpire

Gold Edges Up; Prices Likely to Remain Range-Bound

Gold edged higher in Asian trade. Prices are likely to remain rangebound until the Fed provides firmer guidance on its monetary policy trajectory, Sucden Financial said.

7 hours ago - WSJ

Retail investors are in the driver's seat in gold and silver, according to CME

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

12 hours ago - Kitco

Gold (XAU/USD) Price Forecast: $4,164 Low Respects Long-Term Line – Bull Trend Intact

Gold dipped to $4,164 Tuesday, precisely testing a long-term rising channel top (former resistance) as new support after Friday's bullish triangle breakout.

12 hours ago - FXEmpire

Gold, silver sell off on profit-taking from shorter-term specs

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

15 hours ago - Kitco

Gold Down Over 1%; Signet Shares Fall After Q3 Results

U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 250 points on Tuesday.

16 hours ago - Benzinga

Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Take Profits Near Monthly Highs

Silver and platinum have also found themselves under pressure in today's trading session.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
16 hours ago - FXEmpire

Silver (XAG) Forecast: Buyers Are Taking a Breather as Silver Pulls Back From Record Highs

Silver cools from $58.85 to $56.59 as yields climb; bulls eye $54.49 and $53.74 while waiting for ADP, jobless claims and PCE data.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
18 hours ago - FXEmpire

Price pressure on gold, silver amid better risk appetite

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

19 hours ago - Kitco

Gold Price Outlook – Gold Continues to Rise on Monday

Gold continues its upward climb, though the move is becoming stretched and difficult to chase. Key levels such as $4,200 and $4,400 are in focus, with market sentiment driven more by safety flows and ...

19 hours ago - FXEmpire

Gold market analysis for December 2 - key intra-day price entry levels for active traders

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

21 hours ago - Kitco

Gold, silver and copper are reaching record highs together for the first time in 45 years. Here's why more gains could follow.

Some factors driving metals prices higher in 2025 are similar to those back in 1980, strategists say. But a few important differences could offer clues about what is coming next.

21 hours ago - Market Watch

Gold at $10,000, a quantum-driven crypto collapse and costly AI scandals are among these ‘outrageous' bets for 2026.

Saxo Bank is at it again with outrageous predictions for 2026.

22 hours ago - Market Watch

Gold News: Gold Price Slips as Rising Yields and Profit-Taking Pressure Bulls

Gold price slips as breakout fails near $4,265. Bulls must defend $4,192.36 Fibonacci support or risk a deeper pullback toward the 50-day moving average.

22 hours ago - FXEmpire

Gold (XAUUSD) & Silver Price Forecast: Metals Slip as Risk Appetite Rises, Fed Cut in Focus

Gold and silver ease as risk appetite improves, but dovish Fed expectations and weak US data continue to support precious metal sentiment.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
1 day ago - FXEmpire

Gold Edges Lower; Dollar, Fed Remain in Focus

Gold edges lower in early Asian trade. Price action for precious metals will likely remain highly sensitive to any indication of whether the Fed will cut rates, Sucden Financial said.

1 day ago - WSJ

The Growing Prospect of a December Rate Cut Sinks the Dollar Against Peers

The US dollar slipped to its steepest weekly drop in four months to close out November as the prospect of December Federal Reserve rate cuts edged closer towards inevitability in the minds of investor...

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
1 day ago - FXEmpire

Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 3.5% As Rally Continues

Silver markets test historic highs as traders stay bullish.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
1 day ago - FXEmpire

Gold firmer, silver soars to another all-time high

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

1 day ago - Kitco

The $5,000 Gold Setup: Why Mining ETFs May Be The Real Moonshot Trade

The bull chorus for gold is getting louder — and this time, institutional investors are joining the choir.

1 day ago - Benzinga

Fed rate cut odds boost gold prices, investor demand for silver adds to physical squeeze and ATH – Heraeus

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

1 day ago - Kitco

Spot gold trades near $4,233/oz after ISM Manufacturing PMI falls to 48.2

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

1 day ago - Kitco

Gold market analysis for December 1 - key intra-day price entry levels for active traders

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

1 day ago - Kitco

Gold hits 6-week high, silver record high as bulls are snorting

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

1 day ago - Kitco

Gold (XAUUSD) Price Forecast: Gold Breakout Eyes $4,381 as Dollar Slides to Two-Week Low

Spot Gold (XAUUSD) clears $4,245.20 resistance as rate cut bets hit 88%. Traders eye $4,381.44 with dollar weakness adding support.

1 day ago - FXEmpire

Gold (XAUUSD) & Silver Price Forecast: Fed Cut Odds Hit 87% as Metals Hold Key Support

Gold and silver dip as traders await key US data. With Fed cut odds at 87%, the metals hold support while markets brace for ISM PMI and shifting risk sentiment.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
2 days ago - FXEmpire

Gold (XAUUSD) and Silver Technical Analysis: Bullish Breakouts Build as Fed Cut Odds Surge

Gold and silver extend their rally as Fed rate-cut expectations fuel bullish momentum, but upcoming U.S. data may cap short-term gains.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
2 days ago - FXEmpire

Gold Rises on Potential Fed Cuts

Gold edged up. Precious metals were likely supported by a combination of erratic trading hours on the CME and continued Fed dovishness, Sucden Financial said.

2 days ago - WSJ

Three Reasons I Own More Gold Than Bitcoin

Gold remains my preferred alternative asset over Bitcoin due to its central bank backing, defensive nature, and time-tested track record. BTC is increasingly driven by retail investors and exhibits hi...

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
2 days ago - Seeking Alpha

Gold Price Forecast – Fed Pivot and Weak Data Set Stage for a Rally Toward $6,000 in 2026

Gold is advancing toward $4,400 as weak U.S. data, falling yields, silver strength, and rising structural demand align with a dovish Fed to support a broader bull market into 2026.

2 days ago - FXEmpire

Gold (XAUUSD) Price Forecast: Will the Fed Trigger a New Gold Breakout Next Week?

Gold prices surge as a weaker dollar, rising Fed cut bets, and geopolitical risks drive XAUUSD toward record highs, setting up a bullish outlook into December.

3 days ago - FXEmpire

Gold (XAUUSD) Price Forecast: Fed Cut Bets Lift Gold Price as Bulls Drive the Gold Rally

Gold price jumps as Fed cut odds surge, dollar softness fuels the gold rally, and traders look to PCE for the next key signal in the gold market outlook.

4 days ago - FXEmpire

UGL: Amplify Exposure To The Dollar Debasement Trade

ProShares Ultra Gold ETF (UGL) offers 2x daily exposure to gold, appealing to traders seeking amplified returns amid heightened gold volatility in 2025. UGL's structure uses futures and swaps, creatin...

4 days ago - Seeking Alpha

UGL: A $4,200 Gold Breakout Play

ProShares Ultra Gold ETF is initiated with a 'buy' rating, targeting traders seeking leveraged exposure to gold's ongoing breakout. UGL offers 2x daily gold returns, outperforming miners and spot ETFs...

4 days ago - Seeking Alpha

Wall Street bulls return as gold charges through $4,200, Main Street adds to bullish momentum after 3.5% weekly gain

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

4 days ago - Kitco

Gold (XAU/USD) Price Forecast: Strongest Daily Close Since October High Shows Bulls in Charge

Gold blasted out of a multi-week bull pennant Friday with a strong close at $4,223 – the highest daily settlement since the October 20 record high. The breakout captured two upper channel lines and se...

4 days ago - FXEmpire

Political, fiscal and financial risks will boost gold demand even higher in H1 2026 – UBS

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

4 days ago - Kitco

A precious metals power surge: Silver's record run reawakens gold bulls

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

4 days ago - Kitco

Gold rallies on rate cut bets, bitcoin above $91K, and small caps roar back

Marketgauge.com chief strategist Michele Schneider joins Yahoo Finance Markets and Data Editor Jared Blikre and Morning Brief host Julie Hyman to explain why she's keeping a close eye on small-cap sto...

4 days ago - Yahoo Finance

Why Some Experts Believe Gold Prices Could Reach $5,000 in 2026

Gold has glittered this year. And there's good reason to expect the precious metal to continue hitting record highs in the year ahead.

4 days ago - Investopedia

Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests Historic Highs

Gold and platinum markets have also gained strong upside momentum in today's trading session.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
4 days ago - FXEmpire

Gold Price Outlook – Gold Continues to See Buyers

Gold strengthened again on Friday despite light post-Thanksgiving trading and a temporary CME outage. Price action remains constructive above $4,000, with breakouts toward $4,250 and potentially $4,40...

4 days ago - FXEmpire

CME outage overnight hasn't stopped gold and silver's momentum

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

4 days ago - Kitco

Silver (XAG) Forecast: Silver Rally Eyes Record as Fed Bets and Supply Squeeze Fuel Bulls

Silver tests $54.41 as Fed rate cut odds hit 85%. Fifth straight supply deficit and surging industrial demand keep bulls eyeing record highs.

Other symbols: AAAUDGPGLDGLDMIAUOUNZ
4 days ago - FXEmpire

Silver futures hit record high, gold gains, too

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

4 days ago - Kitco

Gold (XAUUSD) Price Forecast: Bulls Eye $4192.36 Breakout as Gold Rally Extends

Gold price outlook turns bullish as traders watch a potential $4192.36 breakout and rising Fed cut odds shape the gold market's next major move.

4 days ago - FXEmpire

Price gains for gold, silver as technical buying featured

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

4 days ago - Kitco

Gold market analysis for November 28 - key intra-day price entry levels for active traders

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter...

4 days ago - Kitco

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