ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – Time to Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price gapped up prior to trading on Friday . The stock had previously closed at $19.34, but opened at $20.23. ProShares UltraShort Bloomberg Natural Gas shares last traded at $20.09, with a volume of 2,927,019 shares.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The business’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $29.75.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at approximately $249,000. Flow Traders U.S. LLC increased its position in shares of ProShares UltraShort Bloomberg Natural Gas by 658.3% during the second quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock worth $2,553,000 after purchasing an additional 86,546 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at $802,000. Jump Financial LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at $1,964,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth $756,000.

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.