ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Jumps 0.6% – Here’s Why

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price were up 0.6% on Thursday. The stock traded as high as $32.96 and last traded at $32.72. Approximately 1,321,296 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 5,325,572 shares. The stock had previously closed at $32.53.

ProShares UltraShort Bloomberg Natural Gas Stock Down 1.4%

The stock’s fifty day simple moving average is $28.60 and its 200-day simple moving average is $25.26.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth $151,000. Simplex Trading LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 3rd quarter valued at $153,000. Finally, StoneX Group Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 3rd quarter worth $401,000.

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.