ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,358,741 shares, a growth of 34.3% from the February 26th total of 1,755,721 shares. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily volume of 8,561,028 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas
Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $61,000. 1248 Management LLC increased its position in ProShares UltraShort Bloomberg Natural Gas by 25.0% during 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 in the last quarter. Belvedere Trading LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $293,000. XTX Topco Ltd purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the second quarter worth about $249,000. Finally, Jump Financial LLC increased its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% during the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock valued at $960,000 after acquiring an additional 20,015 shares in the last quarter.
ProShares UltraShort Bloomberg Natural Gas Stock Performance
KOLD stock opened at $21.87 on Tuesday. ProShares UltraShort Bloomberg Natural Gas has a 1-year low of $13.44 and a 1-year high of $49.47. The business has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $29.12.
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.
Further Reading
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