About ProShares UltraShort Gold (GLL)

The ProShares UltraShort Gold (GLL) ETF aims to provide investors with twice the inverse daily performance of gold bullion. This means that as the price of gold declines, GLL seeks to increase in value by double that amount. GLL achieves this through the use of financial derivatives, such as futures contracts, swaps, and options, which allow it to gain exposure to gold prices without physically owning the metal. By employing leverage, GLL offers investors an efficient way to profit from declines in the price of gold.

GLL's price history reflects its inverse relationship with gold. As the price of gold rises, GLL tends to decrease in value, and vice versa. This makes GLL a popular choice for traders and investors looking to hedge against declines in the price of gold or take a short position on the metal. It is important to note that GLL is designed for short-term trading and may not be suitable for long-term investors due to the potential risks associated with leveraged ETFs.