ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Down 0.2% – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares were down 0.2% during mid-day trading on Monday . The stock traded as low as $21.44 and last traded at $22.16. Approximately 2,704,536 shares were traded during trading, a decline of 63% from the average daily volume of 7,368,286 shares. The stock had previously closed at $22.20.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The stock has a 50 day simple moving average of $24.50 and a two-hundred day simple moving average of $25.66.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently made changes to their positions in KOLD. Headlands Technologies LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth $61,000. Centaurus Financial Inc. bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 1st quarter valued at about $151,000. Belvedere Trading LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $293,000. Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth about $756,000. Finally, Jump Financial LLC increased its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% during the 4th quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after purchasing an additional 20,015 shares during 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.