ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Sees Large Volume Increase – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw strong trading volume on Wednesday . 7,007,818 shares were traded during mid-day trading, an increase of 128% from the previous session’s volume of 3,079,172 shares.The stock last traded at $18.86 and had previously closed at $20.45.

ProShares UltraShort Bloomberg Natural Gas Stock Down 9.5 %

The stock has a 50 day simple moving average of $27.80 and a 200-day simple moving average of $51.48.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of ProShares UltraShort Bloomberg Natural Gas by 2,566.7% during the fourth quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock worth $2,667,000 after purchasing an additional 60,060 shares in the last quarter. Two Sigma Securities LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth $620,000. Tower Research Capital LLC TRC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth $962,000. Jump Financial LLC raised its stake in ProShares UltraShort Bloomberg Natural Gas by 248.1% during the fourth quarter. Jump Financial LLC now owns 106,912 shares of the company’s stock worth $4,569,000 after purchasing an additional 76,201 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in ProShares UltraShort Bloomberg Natural Gas by 162.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,125 shares of the company’s stock valued at $219,000 after acquiring an additional 3,173 shares during the last quarter.

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.