ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Up 14.9% – Time to Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price rose 14.9% on Monday . The stock traded as high as $32.56 and last traded at $32.30. Approximately 6,051,605 shares were traded during trading, an increase of 7% from the average daily volume of 5,674,915 shares. The stock had previously closed at $28.12.

ProShares UltraShort Bloomberg Natural Gas Stock Up 14.9 %

The company’s 50 day moving average price is $54.27 and its 200-day moving average price is $63.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KOLD. JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after acquiring an additional 1,727 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% during the third quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock worth $863,000 after purchasing an additional 1,837 shares during the period. Finally, IMC Chicago LLC lifted its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 246.6% during the third quarter. IMC Chicago LLC now owns 104,163 shares of the company’s stock valued at $5,752,000 after purchasing an additional 74,108 shares during the last quarter.

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.