ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Down 1.1%

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price dropped 1.1% during trading on Tuesday . The stock traded as low as $61.34 and last traded at $61.78. Approximately 970,924 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 2,329,732 shares. The stock had previously closed at $62.44.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The firm’s fifty day simple moving average is $69.70 and its 200 day simple moving average is $54.69.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Institutional investors have recently modified their holdings of the business. Simplex Trading LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 3rd quarter valued at about $476,000. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at about $1,087,000. Finally, Centric Wealth Management purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 3rd quarter valued at about $1,831,000.

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.