ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $23.45, but opened at $21.76. ProShares UltraShort Bloomberg Natural Gas shares last traded at $21.9040, with a volume of 3,958,802 shares.
ProShares UltraShort Bloomberg Natural Gas Stock Performance
The firm’s 50 day simple moving average is $28.62 and its 200-day simple moving average is $31.51.
Institutional Trading of ProShares UltraShort Bloomberg Natural Gas
A number of institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC increased its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% during the 4th quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after purchasing an additional 20,015 shares during the last quarter. Belvedere Trading LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $293,000. Centric Wealth Management acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth about $4,232,000. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at about $1,960,000. Finally, 1248 Management LLC lifted its holdings 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 worth $77,000 after purchasing an additional 600 shares during the last quarter.
About ProShares UltraShort Bloomberg Natural Gas
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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