ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Down 8.1% – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price fell 8.1% on Friday . The company traded as low as $20.13 and last traded at $20.23. 6,591,535 shares were traded during mid-day trading, a decline of 19% from the average session volume of 8,186,399 shares. The stock had previously closed at $22.01.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The company’s fifty day moving average is $25.68 and its 200-day moving average is $48.65.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 1,727 shares during the last quarter. AI Squared Management Ltd bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $2,667,000. Flow Traders U.S. LLC lifted its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% during the third quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock worth $863,000 after buying an additional 1,837 shares during the last quarter. IMC Chicago LLC boosted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% in the fourth quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after acquiring an additional 79,685 shares during the period. Finally, Aveo Capital Partners LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth $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.