New York Life Investment Management LLC cut its stake in shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Free Report) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,896 shares of the company’s stock after selling 5,344 shares during the period. New York Life Investment Management LLC owned 1.37% of ProShares UltraShort Bloomberg Natural Gas worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after buying an additional 1,727 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% during the third quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after buying an additional 1,837 shares during the last quarter. Aveo Capital Partners LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $2,556,000. Finally, IMC Chicago LLC grew 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 buying an additional 79,685 shares during the last quarter.
ProShares UltraShort Bloomberg Natural Gas Stock Down 14.9 %
KOLD opened at $20.26 on Tuesday. The stock’s 50 day moving average price is $33.65 and its 200-day moving average price is $55.61. ProShares UltraShort Bloomberg Natural Gas has a one year low of $19.36 and a one year high of $85.20.
ProShares UltraShort Bloomberg Natural Gas Profile
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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