ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 5.2% – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded up 5.2% on Thursday . The company traded as high as $29.21 and last traded at $28.93. 2,732,203 shares were traded during mid-day trading, a decline of 54% from the average session volume of 5,876,418 shares. The stock had previously closed at $27.50.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm has a 50 day moving average of $27.95 and a 200-day moving average of $24.85.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at $61,000. Centaurus Financial Inc. bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 1st quarter valued at about $151,000. Belvedere Trading LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at about $293,000. Jump Financial LLC grew its position in shares of 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 purchasing an additional 20,015 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $756,000.

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.