ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Update

by · The Markets Daily

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,613,730 shares, a drop of 36.2% from the May 31st total of 2,529,657 shares. Approximately 30.0% of the company’s stock are sold short. Based on an average trading volume of 3,732,801 shares, the short-interest ratio is presently 0.4 days.

ProShares UltraShort Bloomberg Natural Gas Trading Up 2.3%

KOLD traded up $0.55 on Thursday, hitting $23.98. 1,766,300 shares of the company were exchanged, compared to its average volume of 7,110,587. The firm has a 50-day moving average price of $24.10 and a two-hundred day moving average price of $25.56. ProShares UltraShort Bloomberg Natural Gas has a twelve month low of $13.44 and a twelve month high of $49.47.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several hedge funds have recently added to or reduced their stakes in KOLD. Headlands Technologies LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $61,000. Centaurus Financial Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 1st quarter valued at $151,000. Belvedere Trading LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $293,000. Two Sigma Securities LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth $756,000. Finally, Jump Financial LLC grew its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% during the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after purchasing an additional 20,015 shares in the last quarter.

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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