ProShares UltraShort Bloomberg Natural Gas Target of Unusually High Options Trading (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the target of some unusual options trading on Friday. Investors acquired 12,209 call options on the stock. This is an increase of approximately 79% compared to the average daily volume of 6,815 call options.

ProShares UltraShort Bloomberg Natural Gas Price Performance

NYSEARCA KOLD traded up $0.95 on Friday, hitting $27.29. 4,826,666 shares of the company were exchanged, compared to its average volume of 6,093,453. The company’s 50 day moving average price is $34.51 and its 200-day moving average price is $29.96. ProShares UltraShort Bloomberg Natural Gas has a twelve month low of $16.20 and a twelve month high of $75.24.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Institutional investors have recently made changes to their positions in the company. Centric Wealth Management acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 1st quarter valued at $2,936,000. Flow Traders U.S. LLC increased its position in ProShares UltraShort Bloomberg Natural Gas by 658.3% during the second quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock worth $2,553,000 after buying an additional 86,546 shares during the last quarter. Jump Financial LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at about $1,964,000. StoneX Group Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $802,000. Finally, Two Sigma Securities LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd 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.