ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Down – Time to Sell?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $20.62, but opened at $19.47. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.4920, with a volume of 4,661,206 shares.

ProShares UltraShort Bloomberg Natural Gas Stock Up 0.1%

The company’s fifty day moving average price is $30.28 and its 200 day moving average price is $32.21.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Centric Wealth Management purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth about $4,232,000. Flow Traders U.S. LLC grew its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 658.3% in 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 in the last quarter. Jump Financial LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth approximately $1,964,000. IMC Chicago LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth $1,960,000. Finally, StoneX Group Inc. bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at about $802,000.

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.