ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Scheduled to Reverse Split on Thursday, May 26th

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Rating) are set to reverse split before the market opens on Thursday, May 26th. The 1-4 reverse split was announced on Thursday, May 26th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, May 26th.

Shares of KOLD opened at $7.11 on Friday. The business’s 50 day moving average is $14.04 and its two-hundred day moving average is $34.44. ProShares UltraShort Bloomberg Natural Gas has a 52-week low of $5.86 and a 52-week high of $170.26.

Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its position in shares of ProShares UltraShort Bloomberg Natural Gas by 10,945.8% during the 2nd quarter. Morgan Stanley now owns 50,148 shares of the company’s stock valued at $1,025,000 after acquiring an additional 49,694 shares in the last quarter. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 3rd quarter worth $87,000. IMC Chicago LLC grew its stake in ProShares UltraShort Bloomberg Natural Gas by 42.5% during the 4th quarter. IMC Chicago LLC now owns 486,813 shares of the company’s stock worth $5,895,000 after buying an additional 145,293 shares during the last quarter. Citigroup Inc. bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth $705,000. Finally, Pinnacle Holdings LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth $78,000.

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