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

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares gapped up prior to trading on Thursday . The stock had previously closed at $18.59, but opened at $19.33. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.45, with a volume of 1,968,721 shares changing hands.

ProShares UltraShort Bloomberg Natural Gas Trading Up 7.6 %

The business has a fifty day moving average price of $27.37 and a 200 day moving average price of $51.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 1,727 shares in the last quarter. Flow Traders U.S. LLC raised 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 valued at $863,000 after purchasing an additional 1,837 shares during the last quarter. IMC Chicago LLC boosted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% during the fourth quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after purchasing an additional 79,685 shares in the last quarter. Aveo Capital Partners LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $2,556,000. Finally, Bank of America Corp DE raised its holdings in ProShares UltraShort Bloomberg Natural Gas by 2,566.7% in the 4th quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock valued at $2,667,000 after buying an additional 60,060 shares during 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.