ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Short Interest Update

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 2,358,741 shares, an increase of 34.3% from the February 26th total of 1,755,721 shares. Based on an average daily volume of 8,561,028 shares, the short-interest ratio is currently 0.3 days. Approximately 7.9% of the shares of the stock are sold short.

ProShares UltraShort Bloomberg Natural Gas Trading Up 9.7%

Shares of KOLD stock traded up $1.94 during trading hours on Monday, reaching $21.87. The company’s stock had a trading volume of 6,134,276 shares, compared to its average volume of 11,048,246. The firm’s 50 day simple moving average is $20.66 and its 200-day simple moving average is $29.12. ProShares UltraShort Bloomberg Natural Gas has a fifty-two week low of $13.44 and a fifty-two week high of $49.47.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Several large investors have recently bought and sold shares of KOLD. 1248 Management LLC boosted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 25.0% during the second quarter. 1248 Management LLC now owns 3,000 shares of the company’s stock valued at $77,000 after purchasing an additional 600 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at approximately $61,000. Belvedere Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at approximately $293,000. XTX Topco Ltd bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at approximately $249,000. Finally, Jump Financial LLC boosted its position in ProShares UltraShort Bloomberg Natural Gas by 278.0% during the 4th quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after buying an additional 20,015 shares during the period.

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.