GLL - ProShares - UltraShort Gold
The ProShares UltraShort Gold fund is engineered to provide daily returns that are precisely two times the opposite (-2x) of the Bloomberg Gold Subindex's daily movement. This objective is measured before accounting for any associated fees and operational costs.
As of Jun 30, 2026: spot at $26.91, ATM IV 51.1%, max pain $16.00, net GEX $224.9K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $109.9M
- Beta
- -0.02
- 52-Week Range
- 15.6-45.92
- IPO Date
- Dec 3, 2008
- Exchange
- AMEX
What GLL Looks Like to Options Traders Today
IV rank of 42.0% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($224.9K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.074) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The GLL overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked GLL overview questions
- What is GLL?
- GLL is the ticker symbol for ProShares - UltraShort Gold, an listed exchange-traded fund. The ProShares UltraShort Gold fund is engineered to provide daily returns that are precisely two times the opposite (-2x) of the Bloomberg Gold Subindex's daily movement. This objective is measured before accounting for any associated fees and operational costs. Listed on AMEX. GLL is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the GLL options snapshot look like today?
- As of Jun 30, 2026, the GLL options snapshot shows spot at $26.91, ATM IV 51.1%, IV rank 42.0%, max pain $16.00, net GEX $224.9K, expected move 14.65%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are GLL's key statistics?
- ProShares - UltraShort Gold (GLL) carries a market capitalization of $109.9M, 52-week range of 15.6-45.92. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does GLL belong to?
- ProShares - UltraShort Gold operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare GLL's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the GLL data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.