Traders Buy Large Volume of ProShares UltraShort Bloomberg Natural Gas Call Options (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the target of some unusual options trading activity on Monday. Stock investors acquired 8,081 call options on the stock. This represents an increase of 56% compared to the average volume of 5,189 call options.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% in 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 in the last quarter. Flow Traders U.S. LLC grew its holdings 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 acquiring an additional 1,837 shares during the last quarter. Finally, IMC Chicago LLC increased its position in ProShares UltraShort Bloomberg Natural Gas by 246.6% in the 3rd quarter. IMC Chicago LLC now owns 104,163 shares of the company’s stock valued at $5,752,000 after acquiring an additional 74,108 shares in the last quarter.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

NYSEARCA:KOLD traded down $9.30 during trading hours on Monday, reaching $40.26. The company had a trading volume of 7,170,980 shares, compared to its average volume of 2,006,991. The stock has a 50-day moving average of $65.49 and a two-hundred day moving average of $64.60. ProShares UltraShort Bloomberg Natural Gas has a one year low of $32.51 and a one year high of $88.49.

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.