ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Down 7.1% – Here’s Why

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Free Report) shares were down 7.1% during mid-day trading on Friday . The stock traded as low as $21.03 and last traded at $20.7960. Approximately 3,794,846 shares were traded during trading, a decline of 73% from the average daily volume of 13,831,195 shares. The stock had previously closed at $22.39.

ProShares UltraShort Bloomberg Natural Gas Trading Down 2.9%

The business’s fifty day moving average price is $29.89 and its two-hundred day moving average price is $31.96.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at about $61,000. 1248 Management LLC lifted its holdings in ProShares UltraShort Bloomberg Natural Gas by 25.0% in the second quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after acquiring an additional 600 shares during the period. Belvedere Trading LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at approximately $293,000. XTX Topco Ltd purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth approximately $249,000. Finally, Jump Financial LLC grew 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 period.

ProShares UltraShort Bloomberg Natural Gas Company Profile

(Get Free Report)

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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