ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 5.6% – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares shot up 5.6% during mid-day trading on Thursday . The company traded as high as $18.04 and last traded at $18.7310. 4,611,185 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 15,549,781 shares. The stock had previously closed at $17.73.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The stock’s 50 day simple moving average is $30.52 and its 200 day simple moving average is $32.53.

Institutional Investors 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. Headlands Technologies LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $61,000. 1248 Management LLC lifted its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 25.0% in 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. XTX Topco Ltd purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at approximately $249,000. Belvedere Trading LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth $279,000. Finally, Two Sigma Securities LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter worth $756,000.

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.