ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – What’s Next?

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) gapped up prior to trading on Monday . The stock had previously closed at $24.81, but opened at $26.77. ProShares UltraShort Bloomberg Natural Gas shares last traded at $27.04, with a volume of 2,045,419 shares changing hands.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The stock’s 50 day moving average price is $23.47 and its two-hundred day moving average price is $37.65.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently made changes to their positions in KOLD. IMC Chicago LLC boosted its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% during the fourth quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock worth $7,858,000 after purchasing an additional 79,685 shares during the last quarter. Centric Wealth Management purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth about $2,936,000. Jump Financial LLC grew its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 248.1% during the 4th quarter. Jump Financial LLC now owns 106,912 shares of the company’s stock valued at $4,569,000 after buying an additional 76,201 shares during the period. Bank of America Corp DE raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 2,566.7% in the 4th quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock worth $2,667,000 after purchasing an additional 60,060 shares during the period. Finally, AI Squared Management Ltd acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $2,667,000.

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.