ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Up 6.6% – Here’s Why

by · The Cerbat Gem

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) shares were up 6.6% during trading on Monday . The company traded as high as $23.21 and last traded at $22.92. Approximately 5,613,549 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 7,899,233 shares. The stock had previously closed at $21.50.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The business’s 50-day moving average price is $24.35 and its 200 day moving average price is $26.13.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of KOLD. Headlands Technologies LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $61,000. Centaurus Financial Inc. bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth approximately $151,000. Belvedere Trading LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $293,000. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $756,000. Finally, Jump Financial LLC boosted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% during the 4th quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after acquiring an additional 20,015 shares during the period.

ProShares UltraShort Bloomberg Natural Gas Company Profile

(Get Free Report)

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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