ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) shares dropped 3% during mid-day trading on Friday . The stock traded as low as $19.60 and last traded at $19.63. Approximately 5,765,744 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 8,202,403 shares. The stock had previously closed at $20.24.
ProShares UltraShort Bloomberg Natural Gas Price Performance
The firm’s fifty day moving average is $29.26 and its 200-day moving average is $52.99.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas
Several hedge funds have recently bought and sold shares of KOLD. JPMorgan Chase & Co. lifted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during 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. Two Sigma Securities LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $620,000. Flow Traders U.S. LLC boosted its position in ProShares UltraShort Bloomberg Natural Gas by 13.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after buying an additional 1,837 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth $962,000. Finally, Aveo Capital Partners LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $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.
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