ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $21.50, but opened at $19.88. ProShares UltraShort Bloomberg Natural Gas shares last traded at $20.37, with a volume of 2,673,726 shares changing hands.
ProShares UltraShort Bloomberg Natural Gas Trading Down 7.3%
The firm’s fifty day moving average is $21.13 and its two-hundred day moving average is $29.28.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas
Hedge funds and other institutional investors have recently modified their holdings of the business. Jump Financial LLC grew its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% in the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock valued at $960,000 after acquiring an additional 20,015 shares in the last quarter. Belvedere Trading LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth $293,000. Centric Wealth Management purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth $4,232,000. IMC Chicago LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $1,960,000. Finally, 1248 Management LLC grew its stake in ProShares UltraShort Bloomberg Natural Gas by 25.0% in the 2nd quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after purchasing an additional 600 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.
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