ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares gapped up before the market opened on Monday . The stock had previously closed at $19.93, but opened at $21.77. ProShares UltraShort Bloomberg Natural Gas shares last traded at $22.11, with a volume of 2,436,017 shares.

ProShares UltraShort Bloomberg Natural Gas Stock Up 10.1%

The stock’s fifty day moving average price is $21.13 and its 200-day moving average price is $29.23.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centric Wealth Management bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $4,232,000. Flow Traders U.S. LLC increased its position in shares of ProShares UltraShort Bloomberg Natural Gas by 658.3% in the second quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock valued at $2,553,000 after acquiring an additional 86,546 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at about $1,964,000. IMC Chicago LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth about $1,960,000. Finally, StoneX Group Inc. acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at approximately $802,000.

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.