ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Down – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares gapped down prior to trading on Wednesday . The stock had previously closed at $20.25, but opened at $19.30. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.63, with a volume of 2,582,086 shares changing hands.

ProShares UltraShort Bloomberg Natural Gas Trading Down 1.9%

The business has a fifty day simple moving average of $26.10 and a 200-day simple moving average of $30.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth $61,000. 1248 Management LLC raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 25.0% during the second quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after purchasing an additional 600 shares during the period. XTX Topco Ltd bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth about $249,000. Belvedere Trading LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $293,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at about $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.