ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Update

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 1,613,730 shares, a decline of 36.2% from the May 31st total of 2,529,657 shares. Based on an average trading volume of 3,732,801 shares, the short-interest ratio is currently 0.4 days. Approximately 30.0% of the company’s stock are sold short.

ProShares UltraShort Bloomberg Natural Gas Price Performance

NYSEARCA KOLD opened at $23.44 on Friday. ProShares UltraShort Bloomberg Natural Gas has a 1-year low of $13.44 and a 1-year high of $49.47. The firm’s fifty day simple moving average is $24.03 and its 200-day simple moving average is $25.49.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at about $1,960,000. Centric Wealth Management acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth approximately $4,232,000. Belvedere Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $293,000. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at approximately $1,964,000. Finally, Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at approximately $756,000.

ProShares UltraShort Bloomberg Natural Gas Company Profile

(Get Free Report)

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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