ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Falls 12.7% – Time to Sell?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price dropped 12.7% during mid-day trading on Thursday. The company traded as low as $22.50 and last traded at $23.10. 10,215,096 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 5,664,696 shares. The stock had previously closed at $26.46.

ProShares UltraShort Bloomberg Natural Gas Trading Down 12.7%

The business’s fifty day moving average price is $29.10 and its 200 day moving average price is $25.54.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares UltraShort Bloomberg Natural Gas stock. Centaurus Financial Inc. acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,944 shares of the company’s stock, valued at approximately $151,000. Centaurus Financial Inc. owned about 0.13% of ProShares UltraShort Bloomberg Natural Gas as of its most recent SEC filing.

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.