ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $19.93, but opened at $21.77. ProShares UltraShort Bloomberg Natural Gas shares last traded at $22.11, with a volume of 2,436,017 shares trading hands.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The stock has a 50-day moving average price of $20.54 and a 200-day moving average price of $29.00.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC increased its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% in the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock valued at $960,000 after purchasing an additional 20,015 shares during the last quarter. Belvedere Trading LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $293,000. Centric Wealth Management acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $4,232,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $1,960,000. Finally, 1248 Management LLC grew its stake in ProShares UltraShort Bloomberg Natural Gas by 25.0% in the 2nd quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after buying an additional 600 shares during the last quarter.

ProShares UltraShort Bloomberg Natural Gas Company Profile

(Get Free Report)

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.

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