ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Down – Here’s Why

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $20.75, but opened at $19.97. ProShares UltraShort Bloomberg Natural Gas shares last traded at $19.97, with a volume of 1,456,099 shares.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm’s fifty day moving average price is $27.37 and its 200-day moving average price is $51.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KOLD. JPMorgan Chase & Co. increased its holdings in 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 valued at $108,000 after purchasing an additional 1,727 shares during the period. Two Sigma Securities LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at $620,000. Flow Traders U.S. LLC increased its holdings in ProShares UltraShort Bloomberg Natural Gas by 13.3% in the third 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 during the period. Tower Research Capital LLC TRC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at $962,000. Finally, Aveo Capital Partners LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at $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.