ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Down – Should You Sell?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $20.05, but opened at $18.66. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.54, with a volume of 2,496,502 shares changing hands.

ProShares UltraShort Bloomberg Natural Gas Trading Up 8.5 %

The stock’s fifty day moving average is $25.16 and its two-hundred day moving average is $47.77.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors have recently made changes to their positions in KOLD. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after acquiring an additional 1,727 shares in the last quarter. AI Squared Management Ltd acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $2,667,000. Flow Traders U.S. LLC lifted 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 worth $863,000 after purchasing an additional 1,837 shares during the last quarter. IMC Chicago LLC boosted its position in ProShares UltraShort Bloomberg Natural Gas by 76.5% during the fourth quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock worth $7,858,000 after purchasing an additional 79,685 shares during the period. Finally, Aveo Capital Partners LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $2,556,000.

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.