ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Down – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share 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 Stock Down 0.5 %

The stock has a 50-day moving average of $25.68 and a 200 day moving average of $48.48.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in ProShares UltraShort Bloomberg Natural Gas by 767.6% in the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after acquiring an additional 1,727 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $620,000. Flow Traders U.S. LLC boosted its position in shares of 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. Tower Research Capital LLC TRC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $962,000. Finally, Aveo Capital Partners LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $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.