ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Up 2.8% – Still a Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price traded up 2.8% during mid-day trading on Thursday. The company traded as high as $25.23 and last traded at $24.88. Approximately 3,589,866 shares traded hands during trading, a decline of 35% from the average session volume of 5,547,597 shares. The stock had previously closed at $24.21.

ProShares UltraShort Bloomberg Natural Gas Trading Up 8.8%

The company has a 50-day moving average price of $28.13 and a 200-day moving average price of $26.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares UltraShort Bloomberg Natural Gas stock. Centaurus Financial Inc. purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,944 shares of the company’s stock, valued at approximately $151,000. Centaurus Financial Inc. owned approximately 0.13% of ProShares UltraShort Bloomberg Natural Gas at the end of the most recent quarter.

About ProShares UltraShort Bloomberg Natural Gas

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.