ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Down – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares gapped down prior to trading on Monday . The stock had previously closed at $17.89, but opened at $16.84. ProShares UltraShort Bloomberg Natural Gas shares last traded at $17.09, with a volume of 5,334,464 shares.

ProShares UltraShort Bloomberg Natural Gas Stock Up 4.4 %

The business has a 50 day moving average price of $30.15 and a two-hundred day moving average price of $53.45.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC grew its holdings 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 worth $863,000 after purchasing an additional 1,837 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 buying an additional 1,727 shares during the period. IMC Chicago LLC grew its holdings in ProShares UltraShort Bloomberg Natural Gas by 76.5% in the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock worth $7,858,000 after acquiring an additional 79,685 shares during the last quarter. Aveo Capital Partners LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $2,556,000. Finally, AI Squared Management Ltd bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at about $2,667,000.

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.