ProShares Ultra Gold (UGL) Stock
Popular short term fund doubling daily gold prices. Here's the price, business snapshot, and what's worth knowing about ProShares Ultra Gold in November 2026.
ProShares Ultra Gold (UGL) is an exchange-traded fund designed to provide investors with leveraged exposure to the price of gold. Specifically, it aims to deliver daily returns that are twice the performance of the daily percentage change in gold bullion prices. Launched in December 2008, this fund allows traders to amplify their potential gains from upward movements in the gold market. However, this leverage works both ways, meaning losses can be similarly magnified if the price of gold falls. UGL is generally considered a trading tool rather than a long-term investment, as the effects of compounding can cause its performance to diverge from the underlying gold price over longer holding periods. With net assets of USD 886 million and an expense ratio of 0.95%, it remains a popular choice for those seeking short-term directional bets on gold.
Why You’ll Want to Watch This Stock
Leveraged Gold Exposure
UGL offers double the daily sensitivity to gold price movements, potentially amplifying returns for short-term traders when the metal rises.
Short-Term Trading Focus
Designed for daily rebalancing, this fund can diverge from long-term gold trends due to compounding, making it most effective for tactical trades.
No Dividend Yield
As a passive investment in gold bullion performance via derivatives, UGL generates no income, so returns rely entirely on price appreciation.
