UGLProShares Ultra Gold
UGL Fund Description
The ProShares Ultra Gold fund provides 2x exposure to the daily performance of gold bullion as measured by the fixing price, in US dollars, for delivery in London.
UGL Factset Analytics Insight
UGL promises twice the daily returns of gold—it's a bullish bet on the spot price of gold bullion. It's designed for short-term tactical use, not for buy-and-hold investors. If held for longer than 1 day, the effects of daily compounding can cause UGL to drift away from the promised 2x exposure. Assets are healthy, and trading volume is decent. Given the tactical focus, UGL's relatively tight trading spreads and deep liquidity matter much more than the very high headline expense ratio, though it is eye-catching even in a space where high fees are the norm. Expect a K-1 at tax time.
UGL CHARTS AND PERFORMANCE
UGL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UGL. UGL is rated a 5 out of 5.