ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) shares rose 3.4% during mid-day trading on Thursday . The stock traded as high as $21.04 and last traded at $20.76. Approximately 2,203,652 shares were traded during trading, a decline of 73% from the average daily volume of 8,059,408 shares. The stock had previously closed at $20.09.
ProShares UltraShort Bloomberg Natural Gas Stock Down 5.5 %
The stock has a 50 day moving average of $29.70 and a two-hundred day moving average of $53.21.
Institutional Trading of ProShares UltraShort Bloomberg Natural Gas
Several hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC boosted its holdings in ProShares UltraShort Bloomberg Natural Gas by 13.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after purchasing an additional 1,837 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after buying an additional 1,727 shares in the last quarter. IMC Chicago LLC lifted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% during the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock worth $7,858,000 after buying an additional 79,685 shares during the last quarter. Aveo Capital Partners LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $2,556,000. Finally, AI Squared Management Ltd acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $2,667,000.
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.
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