ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Up 2.5% – Here’s What Happened

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded up 2.5% on Monday . The company traded as high as $22.94 and last traded at $22.82. 1,594,254 shares were traded during trading, a decline of 53% from the average session volume of 3,405,981 shares. The stock had previously closed at $22.26.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The company has a 50-day moving average of $24.49 and a 200-day moving average of $46.72.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KOLD. JPMorgan Chase & Co. increased its position in ProShares UltraShort Bloomberg Natural Gas by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after purchasing an additional 1,727 shares during the last quarter. Howard Financial Services LTD. purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the first quarter valued at $548,000. Two Sigma Securities LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $620,000. Tower Research Capital LLC TRC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at approximately $962,000. Finally, Aveo Capital Partners LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth $2,556,000.

About ProShares UltraShort Bloomberg Natural Gas

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.