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

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) gapped down before the market opened on Wednesday . The stock had previously closed at $19.26, but opened at $17.29. ProShares UltraShort Bloomberg Natural Gas shares last traded at $18.3840, with a volume of 4,293,694 shares.

ProShares UltraShort Bloomberg Natural Gas Stock Down 8.0%

The stock has a 50-day simple moving average of $31.09 and a 200 day simple moving average of $32.80.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors have recently bought and sold shares of KOLD. 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 increased its stake in 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 period. Belvedere Trading LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $279,000. Centric Wealth Management acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth about $4,232,000. Finally, Headlands Technologies LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth about $61,000.

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.