ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading 7.9% Higher – Time to Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price shot up 7.9% during trading on Monday . The stock traded as high as $20.59 and last traded at $20.56. 5,062,697 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 11,805,459 shares. The stock had previously closed at $19.06.

ProShares UltraShort Bloomberg Natural Gas Trading Up 7.1%

The business’s 50-day moving average is $25.74 and its 200-day moving average is $30.26.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KOLD. Headlands Technologies LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth about $61,000. 1248 Management LLC boosted its position in ProShares UltraShort Bloomberg Natural Gas by 25.0% in the 2nd quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after buying an additional 600 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at $249,000. Belvedere Trading LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $293,000. Finally, Two Sigma Securities LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the second quarter worth $756,000.

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.