ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 7.9% – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price were up 7.9% during mid-day trading on Monday . The stock traded as high as $20.59 and last traded at $20.56. Approximately 5,062,697 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 11,805,459 shares. The stock had previously closed at $19.06.

ProShares UltraShort Bloomberg Natural Gas Trading Up 7.1%

The company has a fifty day simple moving average of $25.74 and a two-hundred day simple moving average of $30.26.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently made changes to their positions in the business. StoneX Group Inc. acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at $802,000. Flow Traders U.S. LLC grew its stake 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 purchasing an additional 86,546 shares during the period. XTX Topco Ltd bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at about $249,000. Jump Financial LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at about $1,964,000. Finally, Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth about $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.