ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Up 6.6% – Here’s Why

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s stock price rose 6.6% during mid-day trading on Monday . The company traded as high as $23.21 and last traded at $22.92. Approximately 5,613,549 shares were traded during trading, a decline of 29% from the average daily volume of 7,899,233 shares. The stock had previously closed at $21.50.

ProShares UltraShort Bloomberg Natural Gas Trading Up 6.6%

The stock has a fifty day moving average of $24.35 and a 200-day moving average of $26.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Centric Wealth Management bought a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at $4,232,000. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at $1,964,000. IMC Chicago LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at approximately $1,960,000. Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $756,000. Finally, Belvedere Trading LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $293,000.

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.