ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Down 7.7%

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded down 7.7% during trading on Wednesday . The company traded as low as $38.54 and last traded at $38.79. 2,428,465 shares changed hands during trading, a decline of 3% from the average session volume of 2,507,388 shares. The stock had previously closed at $42.02.

ProShares UltraShort Bloomberg Natural Gas Stock Up 8.7 %

The stock has a 50 day moving average of $54.98 and a 200 day moving average of $57.94.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the first quarter worth approximately $288,000. Jump Financial LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas in the fourth quarter worth approximately $1,087,000. Finally, Simplex Trading LLC increased its holdings in ProShares UltraShort Bloomberg Natural Gas by 357.3% in the fourth quarter. Simplex Trading LLC now owns 35,696 shares of the company’s stock worth $3,441,000 after purchasing an additional 27,890 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.