ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 14.9% – Still a Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price rose 14.9% during mid-day trading on Monday . The stock traded as high as $32.56 and last traded at $32.30. Approximately 6,051,605 shares traded hands during mid-day 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 Trading Up 14.9 %

The business has a fifty day moving average price of $54.27 and a 200 day moving average price of $63.97.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors have recently made changes to their positions in KOLD. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Flow Traders U.S. LLC increased its position in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% during 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 during the period. Finally, IMC Chicago LLC raised its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 246.6% in the 3rd quarter. IMC Chicago LLC now owns 104,163 shares of the company’s stock worth $5,752,000 after buying an additional 74,108 shares in the last quarter.

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.