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GLL ETF Report: Ratings, Analysis, Quotes, Holdings | ETF.com

GLL

ProShares UltraShort Gold
*Unless otherwise stated, data provided by FactSet.

GLL Fund Description

GLL provides -2x the daily performance of a gold index, the Bloomberg Gold Subindex.

GLL Factset Analytics Insight

GLL is a geared inverse product designed for short-term bets against the price of gold. The fund’s inverse exposure is benchmarked to the price performance of the Bloomberg Gold Subindex — an index tracking a rolling futures position on gold based on Bloomberg’s fixed contract schedule. 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. 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. As an ETF, GLL is structured as a commodities pool, so expect a K-1 at tax time.

PERFORMANCE [as of 05/10/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GLL -10.61% -3.82% 5.06% -15.19% -21.69% -15.33% -10.46%
GLL (NAV) -10.33% -0.98% 3.57% -16.71% -21.72% -16.07% -10.22%
Bloomberg Gold Subindex 5.32% -0.43% -3.39% 4.10% 10.08% 6.85% 1.51%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GLL Summary Data

ProShares
12/01/08
Commodities Pool
0.95%
$27.77M
0.06%
DGZ, DZZ

GLL Portfolio Data

0.00%
N/A

GLL Index Data

Bloomberg Gold Subindex
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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

GLL Factset Analytics Block Liquidity

As of 05/11/21
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

76,510
$2.79M
48,678
$1.79M
0.06%
$0.02
0.02%
2.83% / -3.10%
None
100.00%
50,000
0.97
0.01%
--
1,762
$32.56
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.

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.