ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Share Price Break Below 50 Day Moving Average – Time to Sell?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $28.59 and traded as low as $27.90. ProShares UltraShort Bloomberg Natural Gas shares last traded at $28.18, with a volume of 1,983,012 shares.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The business has a 50 day moving average price of $28.59 and a 200 day moving average price of $25.32.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOLD. Simplex Trading LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the third quarter worth approximately $153,000. StoneX Group Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the third quarter valued at approximately $401,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the first quarter worth $151,000.

ProShares UltraShort Bloomberg Natural Gas Company 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.