ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Down 10.5% – What’s Next?

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) were down 10.5% on Tuesday . The company traded as low as $18.57 and last traded at $19.26. Approximately 6,607,433 shares were traded during trading, a decline of 47% from the average daily volume of 12,535,768 shares. The stock had previously closed at $21.52.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm has a 50 day simple moving average of $27.79 and a two-hundred day simple moving average of $31.25.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at approximately $61,000. 1248 Management LLC boosted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 25.0% in the 2nd quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after purchasing an additional 600 shares in the last quarter. Belvedere Trading LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at $293,000. XTX Topco Ltd bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth $249,000. Finally, Jump Financial LLC boosted its position in ProShares UltraShort Bloomberg Natural Gas by 278.0% during the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock valued at $960,000 after buying an additional 20,015 shares during the period.

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.