ProShares UltraShort Bloomberg Natural Gas Sees Unusually High Options Volume (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw some unusual options trading activity on Monday. Stock traders bought 30,792 call options on the company. This represents an increase of 186% compared to the typical volume of 10,757 call options.

ProShares UltraShort Bloomberg Natural Gas Trading Down 4.5%

NYSEARCA KOLD opened at $19.26 on Wednesday. ProShares UltraShort Bloomberg Natural Gas has a 1 year low of $13.44 and a 1 year high of $49.47. The company’s 50 day simple moving average is $31.09 and its two-hundred day simple moving average is $32.80.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $1,960,000. 1248 Management LLC lifted its position in ProShares UltraShort Bloomberg Natural Gas by 25.0% during the second quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after purchasing an additional 600 shares during the last quarter. Headlands Technologies LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at approximately $61,000. Two Sigma Securities LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth approximately $756,000. Finally, Jump Financial LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth $1,964,000.

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.