ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 5.2% – Still a Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Free Report)’s share price were up 5.2% during trading on Thursday . The stock traded as high as $29.21 and last traded at $28.93. Approximately 2,732,203 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 5,876,418 shares. The stock had previously closed at $27.50.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm has a 50-day moving average price of $28.09 and a two-hundred day moving average price of $24.87.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently modified their holdings of KOLD. Centric Wealth Management bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $4,232,000. Jump Financial LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth $1,964,000. Two Sigma Securities LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at $756,000. Belvedere Trading LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at $293,000. Finally, Centaurus Financial Inc. purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 1st quarter valued at $151,000.

About ProShares UltraShort Bloomberg Natural Gas

(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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