UGLProShares Ultra Gold
UGL Fund Description
UGL provides 2x the daily performance of gold, as measured by the price of COMEX gold futures contracts.
UGL Factset Analytics Insight
UGL promises twice the daily returns of gold — it’s a bullish bet on the price of gold. The fund’s leveraged 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. It's designed for short-term tactical use, so it’s not for buy-and-hold investors. If held for longer than one day, the effects of daily compounding can cause UGL to drift away from the promised 2x exposure. As an ETF, UGL is structured as a commodities pool, so expect a K-1 at tax time.
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.