ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) traded down 3% during trading on Friday . The company traded as low as $19.60 and last traded at $19.63. 5,765,744 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 8,202,403 shares. The stock had previously closed at $20.24.
ProShares UltraShort Bloomberg Natural Gas Stock Performance
The company’s 50 day moving average is $29.26 and its 200 day moving average is $52.99.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas
Several large investors have recently modified their holdings of the company. Flow Traders U.S. LLC grew its position in ProShares UltraShort Bloomberg Natural Gas by 13.3% during the 3rd 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 last quarter. JPMorgan Chase & Co. increased its position in ProShares UltraShort Bloomberg Natural Gas by 767.6% in 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 during the period. IMC Chicago LLC raised its stake in ProShares UltraShort Bloomberg Natural Gas by 76.5% during the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after acquiring an additional 79,685 shares during the last quarter. Aveo Capital Partners LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $2,556,000. Finally, AI Squared Management Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at approximately $2,667,000.
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.
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