ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Down 0.2% – Here’s What Happened

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) dropped 0.2% during trading on Monday . The stock traded as low as $21.44 and last traded at $22.16. Approximately 2,704,536 shares changed hands during trading, a decline of 63% from the average session volume of 7,368,286 shares. The stock had previously closed at $22.20.

ProShares UltraShort Bloomberg Natural Gas Stock Down 0.2%

The stock’s 50 day moving average is $24.50 and its 200 day moving average is $25.66.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of large investors have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $61,000. Centaurus Financial Inc. bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth $151,000. Belvedere Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth $293,000. Two Sigma Securities LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the second quarter worth $756,000. Finally, Jump Financial LLC boosted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 278.0% in the fourth quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock valued at $960,000 after acquiring an additional 20,015 shares during the period.

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.