ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) traded up 6.6% during mid-day trading on Monday . The stock traded as high as $23.21 and last traded at $22.92. 5,613,549 shares were traded during mid-day trading, a decline of 29% from the average session volume of 7,899,233 shares. The stock had previously closed at $21.50.
ProShares UltraShort Bloomberg Natural Gas Price Performance
The company’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
Several hedge funds and other institutional investors have recently made changes to their positions in KOLD. Headlands Technologies LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at approximately $61,000. Centaurus Financial Inc. purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the first quarter valued at approximately $151,000. Belvedere Trading LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at approximately $293,000. Two Sigma Securities LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at approximately $756,000. Finally, Jump Financial LLC lifted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% in the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock valued at $960,000 after acquiring an additional 20,015 shares in the last quarter.
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.
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