ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – Here’s Why

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $19.57, but opened at $20.44. ProShares UltraShort Bloomberg Natural Gas shares last traded at $20.58, with a volume of 1,418,586 shares trading hands.

ProShares UltraShort Bloomberg Natural Gas Stock Down 3.7 %

The stock’s fifty day simple moving average is $24.95 and its 200-day simple moving average is $47.58.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC raised its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% in the fourth quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock worth $7,858,000 after purchasing an additional 79,685 shares during the last quarter. Jump Financial LLC increased its holdings in ProShares UltraShort Bloomberg Natural Gas by 248.1% in the 4th quarter. Jump Financial LLC now owns 106,912 shares of the company’s stock worth $4,569,000 after buying an additional 76,201 shares during the period. Bank of America Corp DE raised its position in ProShares UltraShort Bloomberg Natural Gas by 2,566.7% during the 4th quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock worth $2,667,000 after buying an additional 60,060 shares during the last quarter. AI Squared Management Ltd acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at approximately $2,667,000. Finally, Aveo Capital Partners LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $2,556,000.

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.