ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading 2.5% Higher – Here’s Why

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares traded up 2.5% during trading on Monday . The stock 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 Stock Performance

The firm has a 50 day moving average price of $24.49 and a 200 day moving average price of $46.72.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOLD. JPMorgan Chase & Co. lifted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% in the 3rd 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. Howard Financial Services LTD. acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 1st quarter valued at about $548,000. Two Sigma Securities LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $620,000. Tower Research Capital LLC TRC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at $962,000. Finally, Aveo Capital Partners LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at 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.