ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Up 40.4% in December

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,526,318 shares, an increase of 40.4% from the November 30th total of 1,798,747 shares. Currently, 72.6% of the company’s shares are short sold. Based on an average trading volume of 9,125,290 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 9,125,290 shares, the short-interest ratio is currently 0.3 days. Currently, 72.6% of the company’s shares are short sold.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Hedge funds have recently bought and sold shares of the stock. 1248 Management LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the first quarter valued at approximately $43,000. Headlands Technologies LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at $61,000. XTX Topco Ltd bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at $249,000. Belvedere Trading LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth $279,000. Finally, Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth about $756,000.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

Shares of ProShares UltraShort Bloomberg Natural Gas stock opened at $31.81 on Tuesday. The business has a 50-day moving average of $30.01 and a two-hundred day moving average of $31.29. ProShares UltraShort Bloomberg Natural Gas has a 1 year low of $16.20 and a 1 year high of $47.92.

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.