ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Up 40.4% in December

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,526,318 shares, a growth of 40.4% from the November 30th total of 1,798,747 shares. Approximately 72.6% of the company’s shares are sold short. Based on an average daily trading volume, of 9,125,290 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 9,125,290 shares, the short-interest ratio is currently 0.3 days. Approximately 72.6% of the company’s shares are sold short.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

KOLD stock traded up $3.60 during midday trading on Wednesday, hitting $35.27. 4,707,942 shares of the company’s stock were exchanged, compared to its average volume of 6,199,361. The stock’s fifty day moving average price is $30.03 and its 200-day moving average price is $31.37. ProShares UltraShort Bloomberg Natural Gas has a one year low of $16.20 and a one year high of $47.92.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds have recently bought and sold shares of KOLD. 1248 Management LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the first quarter valued at approximately $68,000. Belvedere Trading LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth about $279,000. XTX Topco Ltd acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth about $249,000. Flow Traders U.S. LLC lifted its position in ProShares UltraShort Bloomberg Natural Gas by 658.3% in the 2nd quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock valued at $2,553,000 after acquiring an additional 86,546 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at about $802,000.

ProShares UltraShort Bloomberg Natural Gas Company Profile

The ProShares UltraShort Bloomberg Natural Gas (KOLD) is an exchange-traded fund that is based on the Bloomberg Natural Gas Subindex index. The fund provides daily -2x exposure to an index that tracks natural gas by holding one second month futures contract at a time. KOLD was launched on Oct 4, 2011 and is managed by ProShares.