ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report)’s stock price rose 5.5% on Thursday . The stock traded as high as $30.34 and last traded at $30.11. Approximately 2,299,800 shares changed hands during trading, a decline of 63% from the average daily volume of 6,198,816 shares. The stock had previously closed at $28.54.
ProShares UltraShort Bloomberg Natural Gas Stock Up 5.5%
The stock has a fifty day moving average of $25.92 and a two-hundred day moving average of $23.73.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $1,960,000. Centric Wealth Management bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth $4,232,000. Jump Financial LLC increased its stake in shares of 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. Centaurus Financial Inc. purchased a new stake in ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth about $151,000. Finally, Belvedere Trading LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $293,000.
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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