ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $17.37, but opened at $17.85. ProShares UltraShort Bloomberg Natural Gas shares last traded at $18.08, with a volume of 2,097,191 shares traded.
ProShares UltraShort Bloomberg Natural Gas Price Performance
The firm’s 50-day simple moving average is $32.43 and its two-hundred day simple moving average is $54.98.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after acquiring an additional 1,727 shares during the last quarter. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $620,000. Flow Traders U.S. LLC increased its position in ProShares UltraShort Bloomberg Natural Gas by 13.3% in the third 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 period. Tower Research Capital LLC TRC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $962,000. Finally, Aveo Capital Partners LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at about $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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