ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Up 0.6% – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price were up 0.6% during trading on Thursday. The company traded as high as $32.96 and last traded at $32.72. Approximately 1,321,296 shares changed hands during trading, a decline of 75% from the average daily volume of 5,325,572 shares. The stock had previously closed at $32.53.

ProShares UltraShort Bloomberg Natural Gas Trading Up 0.6%

The business has a 50-day moving average price of $28.53 and a two-hundred day moving average price of $25.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KOLD. Simplex Trading LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the third quarter worth about $153,000. StoneX Group Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 3rd quarter worth approximately $401,000. Finally, Centaurus Financial Inc. bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth approximately $151,000.

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.