ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Up 5.5% – Still a Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares were up 5.5% on Thursday . The stock traded as high as $30.34 and last traded at $30.11. Approximately 2,299,800 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 6,198,816 shares. The stock had previously closed at $28.54.

ProShares UltraShort Bloomberg Natural Gas Trading Up 1.4%

The business has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $23.78.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

Institutional investors and hedge funds have recently modified their holdings of the company. Centric Wealth Management acquired a new position in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at $4,232,000. Jump Financial LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth $1,964,000. IMC Chicago LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at about $1,960,000. Two Sigma Securities LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the second quarter valued at about $756,000. Finally, Belvedere Trading LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the fourth quarter valued at about $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.