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

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) gapped up before the market opened on Wednesday . The stock had previously closed at $20.53, but opened at $21.93. ProShares UltraShort Bloomberg Natural Gas shares last traded at $22.01, with a volume of 2,375,134 shares traded.

ProShares UltraShort Bloomberg Natural Gas Trading Up 9.1%

The stock’s fifty day moving average price is $28.03 and its 200-day moving average price is $31.31.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors have recently made changes to their positions in KOLD. Centric Wealth Management purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $4,232,000. Flow Traders U.S. LLC grew its position in shares of ProShares UltraShort Bloomberg Natural Gas by 658.3% during the second quarter. Flow Traders U.S. LLC now owns 99,692 shares of the company’s stock worth $2,553,000 after buying an additional 86,546 shares in the last quarter. Jump Financial LLC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth approximately $1,964,000. IMC Chicago LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $1,960,000. Finally, StoneX Group Inc. acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at $802,000.

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.