ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $24.45, but opened at $22.99. ProShares UltraShort Bloomberg Natural Gas shares last traded at $23.32, with a volume of 1,558,089 shares.
ProShares UltraShort Bloomberg Natural Gas Stock Performance
The business’s 50 day simple moving average is $24.25 and its 200 day simple moving average is $46.39.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas
Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position 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 worth $108,000 after purchasing an additional 1,727 shares in the last quarter. IMC Chicago LLC boosted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% during the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after buying an additional 79,685 shares during the period. Aveo Capital Partners LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at $2,556,000. AI Squared Management Ltd purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $2,667,000. Finally, Jump Financial LLC grew its stake in shares of 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 valued at $4,569,000 after buying an additional 76,201 shares in the last quarter.
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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