ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Down 0.2% – Time to Sell?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price fell 0.2% on Monday . The stock traded as low as $21.44 and last traded at $22.16. Approximately 2,704,536 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 7,368,286 shares. The stock had previously closed at $22.20.

ProShares UltraShort Bloomberg Natural Gas Trading Down 4.2%

The company’s 50-day moving average price is $24.46 and its 200-day moving average price is $25.66.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Large investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 1st quarter valued at about $151,000. Jump Financial LLC boosted its position 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 worth $960,000 after buying an additional 20,015 shares during the period. Belvedere Trading LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $293,000. Centric Wealth Management bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $4,232,000. Finally, IMC Chicago LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at approximately $1,960,000.

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.