Short Interest in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Decreases By 60.0%

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,566,193 shares, a drop of 60.0% from the January 29th total of 3,917,307 shares. Based on an average trading volume of 14,728,980 shares, the short-interest ratio is presently 0.1 days. Approximately 5.2% of the company’s shares are short sold. Approximately 5.2% of the company’s shares are short sold. Based on an average trading volume of 14,728,980 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Bloomberg Natural Gas Stock Down 2.0%

ProShares UltraShort Bloomberg Natural Gas stock traded down $0.48 during trading on Friday, reaching $23.45. 3,774,219 shares of the company’s stock were exchanged, compared to its average volume of 12,822,138. ProShares UltraShort Bloomberg Natural Gas has a 52-week low of $13.44 and a 52-week high of $49.47. The company’s 50-day moving average is $28.86 and its two-hundred day moving average is $31.65.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently bought and sold shares of KOLD. Centric Wealth Management purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $4,232,000. Flow Traders U.S. LLC increased its stake in ProShares UltraShort Bloomberg Natural Gas by 658.3% during the 2nd quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock worth $2,553,000 after buying an additional 86,546 shares during the period. Jump Financial LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth $1,964,000. IMC Chicago LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $1,960,000. Finally, StoneX Group Inc. purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at about $802,000.

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.