ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Down 8.1% – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price traded down 8.1% on Friday . The company traded as low as $20.13 and last traded at $20.23. 6,591,535 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 8,186,399 shares. The stock had previously closed at $22.01.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm has a 50 day moving average price of $25.92 and a two-hundred day moving average price of $49.22.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% in the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after buying an additional 1,727 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth about $620,000. Flow Traders U.S. LLC raised its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after purchasing an additional 1,837 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $962,000. Finally, Aveo Capital Partners LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth about $2,556,000.

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.