UltraShort Gold - GLL UltraShort Gold

ProShares UltraShort Gold seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of gold bullion as measured by the p.m. U.S. Dollar price for delivery in London.

This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing.

This short ProShares ETF seeks a return that is -2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. For more on risks, please read the prospectus.

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Important Notice Regarding Schedule K-1 Tax Packages
— 2017 Schedule K-1 Tax Packages are expected to be available in mid-March. For more information, please visit our Schedule K-1 Tax Information page.

Fund Snapshot

Ticker GLL
Intraday Ticker GLL.IV
CUSIP 74347W395
Inception Date 12/1/08
Expense Ratio * 0.95%
NAV Calculation Time 10:00 a.m. ET
Distributions Quarterly

* Does not include brokerage commissions and related fees paid by the fund.

Monthly Account Statements

Price Information as of 11/12/18

NAV $82.02
NAV Change $0.82
Market Price Closing $82.54
Market Price Closing Change $1.22
Daily Trading Volume 7,558

Performance

GLL Performance Chart

Chart data from Thomson Reuters. 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. Data is delayed at least 15 minutes.