ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Sees Strong Trading Volume – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLDGet Free Report) shares saw an uptick in trading volume on Wednesday . 7,007,818 shares changed hands during 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 Performance

The business’s 50 day moving average is $27.80 and its 200 day moving average is $51.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in ProShares UltraShort Bloomberg Natural Gas by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after buying an additional 1,727 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $620,000. Flow Traders U.S. LLC lifted its position in ProShares UltraShort Bloomberg Natural Gas by 13.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock worth $863,000 after acquiring an additional 1,837 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $962,000. Finally, Aveo Capital Partners LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter worth approximately $2,556,000.

About ProShares UltraShort Bloomberg Natural Gas

(Get Free Report)

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.

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