ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 5.2% – Time to Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded up 5.2% during trading on Thursday . The stock traded as high as $29.21 and last traded at $28.93. Approximately 2,732,203 shares changed hands during trading, a decline of 54% from the average session volume of 5,876,418 shares. The stock had previously closed at $27.50.

ProShares UltraShort Bloomberg Natural Gas Trading Up 5.2%

The stock’s fifty day simple moving average is $27.95 and its 200 day simple moving average is $24.85.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

A number of institutional investors have recently bought and sold shares of KOLD. Jump Financial LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at about $1,964,000. Two Sigma Securities LLC bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter valued at approximately $756,000. Headlands Technologies LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $61,000. Centric Wealth Management bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at $4,232,000. Finally, Belvedere Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth $293,000.

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.