ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.89, but opened at $16.84. ProShares UltraShort Bloomberg Natural Gas shares last traded at $17.09, with a volume of 5,334,464 shares traded.
ProShares UltraShort Bloomberg Natural Gas Price Performance
The firm’s 50-day moving average is $30.15 and its 200-day moving average is $53.45.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after purchasing an additional 1,727 shares during the last quarter. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $620,000. Flow Traders U.S. LLC raised its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% during the third quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock worth $863,000 after acquiring an additional 1,837 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth approximately $962,000. Finally, Aveo Capital Partners LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $2,556,000.
ProShares UltraShort Bloomberg Natural Gas Company Profile
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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