Stock Traders Buy High Volume of Call Options on ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Free Report) was the recipient of unusually large options trading on Thursday. Stock investors purchased 12,526 call options on the company. This is an increase of 86% compared to the average volume of 6,734 call options.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

Shares of KOLD stock opened at $22.79 on Friday. ProShares UltraShort Bloomberg Natural Gas has a fifty-two week low of $16.20 and a fifty-two week high of $69.80. The stock’s fifty day moving average is $31.45 and its two-hundred day moving average is $30.32.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently modified their holdings of KOLD. 1248 Management LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the first quarter worth approximately $68,000. Centric Wealth Management acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 1st quarter valued at $2,936,000. Simplex Trading LLC grew its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 13.5% during the 1st quarter. Simplex Trading LLC now owns 45,788 shares of the company’s stock worth $896,000 after purchasing an additional 5,456 shares during the period. Belvedere Trading LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth about $279,000. Finally, Jump Financial LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at about $1,964,000.

About ProShares UltraShort Bloomberg Natural Gas

(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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