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GLL

ProShares UltraShort Gold
ETF.com segment:
Inverse Commodities: Precious Metals Gold
Competing ETFs: DGZ, DZZ, DGLD
Related ETF Channels: Gold Spot, Commodities, Inverse, Vanilla, Gold, Global, Precious Metals, Front Month
Find more ETFs with our ETF Screener and Database
*Unless otherwise stated, data provided by FactSet.

GLL Fund Description

GLL provides -2x the daily performance of gold bullion as measured by the fixing price, in US Dollars, for delivery in London.

GLL Factset Analytics Insight

GLL is a geared inverse product that's designed for short-term bets against the spot price of gold. Investors should be aware that compounding can cause the fund's return to vary significantly from the headline -2x exposure if held longer than one day. To obtain the multiple over longer periods, investors must monitor and rebalance their position. As a physically based fund, contango doesn't factor into GLL's returns, unlike some competing products. Since the fund is designed for tactical use as opposed to long-term investment, the cost of accessing it is of more importance than the cost of holding it—which is quite high. GLL has typically traded with reasonable volume, but spreads can be wide at times.

GLL CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GLL -6.31% -5.96% 11.86% 3.89% -11.84% -4.72% -16.04%
GLL (NAV) -6.14% -7.42% 9.24% 0.95% -12.20% -5.18% -15.94%
Gold Spot 3.38% 2.72% -- 0.01% -- 0.17% -15.94%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GLL Summary Data

ProShares
12/03/08
Commodities Pool
1.62%
$19.01M
0.17%
Fund Home Page

GLL Portfolio Data

0.00%
12/26/18

GLL Index Data

Gold Spot
Single Asset
Single Asset
N/A

GLL Fund Structure

Yes
N/A
No Policy
N/A
N/A
High
-2
Daily

GLL Tax Exposures

27.84% / 27.84%
--
Yes
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

GLL Factset Analytics Block Liquidity

As of 12/14/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GLL. GLL is rated a 5 out of 5.

GLL Tradability

9,084
$722.59K
5,408
$438.57K
0.17%
$0.14
-0.02%
1.98% / -3.04%
None
0.00%
50,000
0.11
0.01%
--
887
$77.40
5

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.