Short Interest in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Decreases By 21.4%

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,852,877 shares, a decline of 21.4% from the March 15th total of 2,358,741 shares. Currently, 24.4% of the company’s shares are sold short. Based on an average daily trading volume, of 6,948,827 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $61,000. Centric Wealth Management bought a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth about $4,232,000. Jump Financial LLC raised its holdings in ProShares UltraShort Bloomberg Natural Gas by 278.0% in the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after purchasing an additional 20,015 shares in the last quarter. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $756,000. Finally, Belvedere Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth about $293,000.

ProShares UltraShort Bloomberg Natural Gas Stock Down 0.7%

Shares of KOLD traded down $0.17 during trading hours on Friday, reaching $25.33. 3,959,112 shares of the company traded hands, compared to its average volume of 9,788,281. ProShares UltraShort Bloomberg Natural Gas has a 12-month low of $13.44 and a 12-month high of $49.47. The stock’s fifty day moving average price is $21.92 and its 200 day moving average price is $27.95.

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.