ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Down 3.6% – Should You Sell?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price dropped 3.6% during mid-day trading on Tuesday . The company traded as low as $23.83 and last traded at $24.19. Approximately 6,917,104 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 4,643,775 shares. The stock had previously closed at $25.09.

ProShares UltraShort Bloomberg Natural Gas Stock Down 3.6%

The stock has a fifty day moving average price of $23.88 and a 200-day moving average price of $26.24.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Centric Wealth Management acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the first quarter worth $2,936,000. Jump Financial LLC grew its holdings in ProShares UltraShort Bloomberg Natural Gas by 248.1% during the fourth quarter. Jump Financial LLC now owns 106,912 shares of the company’s stock worth $4,569,000 after acquiring an additional 76,201 shares during the period. AI Squared Management Ltd acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $2,667,000. Bank of America Corp DE grew its holdings in ProShares UltraShort Bloomberg Natural Gas by 2,566.7% during the fourth quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock worth $2,667,000 after acquiring an additional 60,060 shares during the period. Finally, Simplex Trading LLC grew its holdings in ProShares UltraShort Bloomberg Natural Gas by 13.5% during the first quarter. Simplex Trading LLC now owns 45,788 shares of the company’s stock worth $896,000 after acquiring an additional 5,456 shares during the period.

ProShares UltraShort Bloomberg Natural Gas Company Profile

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.