ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – What’s Next?

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) gapped up prior to trading on Thursday . The stock had previously closed at $18.59, but opened at $19.33. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.45, with a volume of 1,968,721 shares changing hands.

ProShares UltraShort Bloomberg Natural Gas Trading Up 7.6 %

The stock has a 50-day moving average of $27.37 and a 200 day moving average of $51.25.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in 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 valued at $108,000 after acquiring an additional 1,727 shares during the period. Two Sigma Securities LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $620,000. Flow Traders U.S. LLC boosted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% in the third quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after acquiring an additional 1,837 shares during the period. Tower Research Capital LLC TRC purchased a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $962,000. Finally, Aveo Capital Partners LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $2,556,000.

ProShares UltraShort Bloomberg Natural Gas Company Profile

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.