ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – Time to Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) gapped up prior to trading on Friday . The stock had previously closed at $19.34, but opened at $20.23. ProShares UltraShort Bloomberg Natural Gas shares last traded at $20.09, with a volume of 2,927,019 shares traded.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The firm has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $29.89.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

A number of hedge funds have recently bought and sold shares of the stock. StoneX Group Inc. bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth about $802,000. Flow Traders U.S. LLC lifted its stake 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 buying an additional 86,546 shares during the period. XTX Topco Ltd acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth about $249,000. Jump Financial LLC grew its position in 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 worth $960,000 after buying an additional 20,015 shares in the last quarter. Finally, Belvedere Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at about $293,000.

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.