ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Jumps 0.6% – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) rose 0.6% on Thursday. The stock traded as high as $32.96 and last traded at $32.72. 1,321,296 shares changed hands during trading, a decline of 75% from the average session volume of 5,325,572 shares. The stock had previously closed at $32.53.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm has a 50 day simple moving average of $28.53 and a two-hundred day simple moving average of $25.24.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors have recently modified their holdings of the business. StoneX Group Inc. acquired a new stake in ProShares UltraShort Bloomberg Natural Gas in the third quarter valued at about $401,000. Centaurus Financial Inc. bought a new position in ProShares UltraShort Bloomberg Natural Gas in the first quarter valued at about $151,000. Finally, Simplex Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the third quarter valued at about $153,000.

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.