ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 2.5% – Should You Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price traded up 2.5% during mid-day trading on Monday . The company traded as high as $22.94 and last traded at $22.82. 1,594,254 shares changed hands during trading, a decline of 53% from the average session volume of 3,405,981 shares. The stock had previously closed at $22.26.

ProShares UltraShort Bloomberg Natural Gas Stock Down 16.5 %

The business’s 50 day moving average is $23.75 and its 200-day moving average is $45.99.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors have recently bought and sold shares of KOLD. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 1,727 shares during the last quarter. IMC Chicago LLC raised its position in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% in the fourth quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after buying an additional 79,685 shares during the last quarter. Aveo Capital Partners LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $2,556,000. AI Squared Management Ltd acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $2,667,000. Finally, Jump Financial LLC grew its position in shares of ProShares UltraShort Bloomberg Natural Gas by 248.1% in the fourth quarter. Jump Financial LLC now owns 106,912 shares of the company’s stock valued at $4,569,000 after purchasing an additional 76,201 shares in 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.