Key stats
About ProShares UltraShort Gold
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Inception date
Dec 1, 2008
Structure
Commodities Pool
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
GLL is a geared inverse product designed for short-term bets against the price of gold. The funds inverse exposure is benchmarked to the price performance of the Bloomberg Gold Subindex an index tracking a rolling futures position on gold based on Bloombergs 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GLL assets under management is 77.63 M USD. It's fallen 27.49% over the last month.
GLL fund flows account for 75.90 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, GLL doesn't pay dividends to its holders.
GLL shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Dec 1, 2008, and its management style is Passive.
GLL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
GLL follows the Bloomberg Gold. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GLL invests in cash.
GLL price has fallen by −13.74% over the last month, and its yearly performance shows a −52.49% decrease. See more dynamics on GLL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −20.48% decrease in three-month performance and has decreased by −49.65% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −20.48% decrease in three-month performance and has decreased by −49.65% in a year.
GLL trades at a premium (97.16%) meaning the ETF is trading at a higher price than the calculated NAV.