ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $20.05, but opened at $18.66. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.54, with a volume of 2,496,502 shares.
ProShares UltraShort Bloomberg Natural Gas Stock Up 8.5 %
The stock has a fifty day moving average of $25.16 and a two-hundred day moving average of $47.77.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas
A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during 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. Flow Traders U.S. LLC increased its position 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 period. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $620,000. Tower Research Capital LLC TRC purchased a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $962,000. Finally, Aveo Capital Partners LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $2,556,000.
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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