ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Up 82.1% in January

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,917,307 shares, an increase of 82.1% from the January 15th total of 2,151,621 shares. Approximately 13.1% of the company’s shares are short sold. Based on an average trading volume of 26,361,223 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 26,361,223 shares, the short-interest ratio is currently 0.1 days. Approximately 13.1% of the company’s shares are short sold.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

Shares of NYSEARCA:KOLD traded up $0.03 during midday trading on Friday, hitting $20.63. 6,067,902 shares of the stock traded hands, compared to its average volume of 14,892,722. The business’s 50 day moving average is $30.28 and its two-hundred day moving average is $32.21. ProShares UltraShort Bloomberg Natural Gas has a one year low of $13.44 and a one year high of $49.47.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently bought and sold shares of KOLD. Headlands Technologies LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter worth approximately $61,000. 1248 Management LLC lifted its stake in ProShares UltraShort Bloomberg Natural Gas by 25.0% in the second quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock worth $77,000 after acquiring an additional 600 shares during the period. XTX Topco Ltd bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at $249,000. Belvedere Trading LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at $279,000. Finally, Two Sigma Securities LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at $756,000.

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.