ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 5.4% – Here’s Why

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shot up 5.4% on Tuesday . The company traded as high as $22.43 and last traded at $22.68. 3,903,845 shares were traded during trading, an increase of 23% from the average session volume of 3,178,680 shares. The stock had previously closed at $21.51.

ProShares UltraShort Bloomberg Natural Gas Trading Up 3.2 %

The business’s fifty day simple moving average is $26.45 and its two-hundred day simple moving average is $49.94.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several large investors have recently bought and sold shares of the stock. IMC Chicago LLC lifted its holdings in shares of 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 purchasing an additional 79,685 shares during the last quarter. Jump Financial LLC increased its position 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 buying an additional 76,201 shares during the period. Bank of America Corp DE lifted its stake in ProShares UltraShort Bloomberg Natural Gas by 2,566.7% in the fourth quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock valued at $2,667,000 after buying an additional 60,060 shares during the last quarter. AI Squared Management Ltd acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at approximately $2,667,000. Finally, Aveo Capital Partners LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth approximately $2,556,000.

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.