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

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw unusually-strong trading volume on Friday . Approximately 3,649,745 shares changed hands during trading, an increase of 9% from the previous session’s volume of 3,360,316 shares.The stock last traded at $21.61 and had previously closed at $19.49.

ProShares UltraShort Bloomberg Natural Gas Stock Up 14.2 %

The stock’s 50 day moving average price is $24.49 and its two-hundred day moving average price is $46.90.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in ProShares UltraShort Bloomberg Natural Gas by 767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after purchasing an additional 1,727 shares during the period. Two Sigma Securities LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $620,000. Tower Research Capital LLC TRC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $962,000. Aveo Capital Partners LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth about $2,556,000. Finally, Bank of America Corp DE boosted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 2,566.7% during the 4th quarter. Bank of America Corp DE now owns 62,400 shares of the company’s stock valued at $2,667,000 after acquiring an additional 60,060 shares in 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.