What is UGL investment?
ProShares Ultra Gold (UGL) Money. Investing.
What does total holdings mean in stocks?
Holdings are the contents of an investment portfolio held by an individual or an entity, such as a mutual fund or a pension fund. Portfolio holdings may encompass a wide range of investment products, including stocks, bonds, mutual funds, options, futures, and exchange-traded funds (ETFs).
Is UGL a buy?
This data tells me that 2021 is likely going to be a strong year for gold and investors will probably see another wave of gains throughout the year. Based on seasonality and momentum, I believe it's a solid time to buy UGL. As always, remember that UGL is a leveraged ETP, so manage your risk accordingly.
What are the top 10 holdings?
The fund's top 10 holdings as of October 2020, which accounted for 53.11% of all holdings in the fund, were:UnitedHealth 7.76%Home Depot, Inc. 6.62%salesforce.com, inc. 5.95%Amgen Inc. 5.38%McDonald's Corporation 5.27%Microsoft Corporation 5.00%Goldman Sachs Group, Inc. 4.80%Visa Inc. 4.59%More items...
Does holding a stock increase value?
The Bottom Line Holding stocks for the long-term can help you ride the highs and lows of the market, benefit from lower tax rates, and tend to be less costly.
What does percent of holdings mean?
Holding Percentage means the lower of the percentage of shareholdings held by the Assignor in the Company at the Completion Date and the date of the second anniversary of the Completion Date.
Can you buy 100% of a stock?
Key Takeaways. There is no minimum order limit on the purchase of a publicly-traded company's stock.
How can more than 100% of a stock be owned?
There are instances where investors appear to hold shares in a company that far exceeds what actually exists. If you see investors holding more than 100% in a company, it may be due to a delay in updates. Another reason for exceeding the 100% holding mark may stem from short selling between investors.
Can one person buy all the shares of a company?
If a company's shares are publicly listed, a person can purchase as many of those shares as they want. Beyond a certain holding percentage, however, the person buying the shares must disclose their purchase publicly.
Can UGL be held for more than one day?
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.
Is UGL a bullish bet?
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.
Component Grades
We have 5 different ratings for every ETF to help you appreciate its future potential. You can unlock it all now.
ProShares Ultra Gold (UGL) ETF Bio
The investment objective of the ProShares Ultra Gold ETF seeks daily investment results that correspond to two times (2x) the daily performance of gold bullion as measured by the p.m. U.S. Dollar price for delivery in London.
Performance
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Index
The Bloomberg Gold Subindex SM, a subindex of the Bloomberg Commodity Index, is intended to reflect the performance of gold as measured by the price of COMEX gold futures contracts.
How has ProShares Ultra Gold's stock price been impacted by Coronavirus (COVID-19)?
ProShares Ultra Gold's stock was trading at $55.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, UGL shares have increased by 10.0% and is now trading at $61.59. View which stocks have been most impacted by COVID-19.
What other stocks do shareholders of ProShares Ultra Gold own?
Based on aggregate information from My MarketBeat watchlists, some companies that other ProShares Ultra Gold investors own include iShares Silver Trust (SLV), eBay (EBAY), Honda Motor (HMC), Kellogg (K), Main Street Capital (MAIN), Sprott Physical Silver Trust (PSLV), PayPal (PYPL), Royal Gold (RGLD), Suncor Energy (SU) and Wheaton Precious Metals (WPM)..
What is ProShares Ultra Gold's stock symbol?
ProShares Ultra Gold trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "UGL."
Who are ProShares Ultra Gold's major shareholders?
ProShares Ultra Gold's stock is owned by many different retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (2.63%), BNP Paribas Arbitrage SA (0.21%), OLD Mission Capital LLC (0.21%), Ahrens Investment Partners LLC (0.04%), Retirement Planning Co of New England Inc. (0.02%) and Cutler Group LP (0.00%).
Which institutional investors are selling ProShares Ultra Gold stock?
UGL stock was sold by a variety of institutional investors in the last quarter, including IMC Chicago LLC.
Which institutional investors are buying ProShares Ultra Gold stock?
UGL stock was purchased by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Ahrens Investment Partners LLC, Retirement Planning Co of New England Inc., OLD Mission Capital LLC, and Cutler Group LP.
How do I buy shares of ProShares Ultra Gold?
Shares of UGL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Benchmark for UGL
The Bloomberg Gold Subindex, a subindex of the Bloomberg Commodity Index, is intended to reflect the performance of gold as measured by the price of COMEX gold futures contracts.
Fund Summary for UGL
The ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex.
Unrealized Gains and Losses
Tax Consequences
- There are no tax implications associated with unrealized gains and losses. This means you don't have anything to report to the Internal Revenue Service (IRS) on your annual tax returnif you have one. But you must report a capital gain or loss if you sell the asset in the tax year that it occurs. Here's how capital gains and losses work. Capital gainsare categorized as short- and long-term …
Example of Unrealized Gains and Losses
- Let's say you buy sharesin TSJ Sports Conglomerate at $10 per share. But the price plummets to $3 per share shortly thereafter. You decide not to sell it at this point, which means you have an unrealized loss of $7 per share. That's because the value of your shares is $7 dollars less than when you first entered into the position. Now, let's say the...
The Bottom Line
- Selling an asset may result in a capital gain or loss. This depends on whether its value increases or decreases from the original purchase price. But you can still experience a gain or loss even if you don't dispose of the asset. This is called an unrealized gain or loss. Although you may not make or lose money from unrealized gains and losses, they can help you make important decisi…