ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Sets New 12-Month Low – Time to Sell?

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.20 and last traded at $16.97, with a volume of 13016403 shares traded. The stock had previously closed at $17.89.

ProShares UltraShort Bloomberg Natural Gas Trading Down 5.1 %

The stock’s 50-day moving average price is $30.65 and its 200-day moving average price is $53.83.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors and hedge funds have recently made changes to their positions in KOLD. Flow Traders U.S. LLC lifted its position in ProShares UltraShort Bloomberg Natural Gas by 13.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after acquiring an additional 1,837 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ProShares UltraShort Bloomberg Natural Gas by 767.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after acquiring an additional 1,727 shares in the last quarter. IMC Chicago LLC lifted its position in ProShares UltraShort Bloomberg Natural Gas by 76.5% in the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after acquiring an additional 79,685 shares in the last quarter. Aveo Capital Partners LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $2,556,000. Finally, AI Squared Management Ltd bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $2,667,000.

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.