ProShares UltraShort Bloomberg Natural Gas Sees Unusually High Options Volume (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) saw unusually large options trading activity on Thursday. Stock traders purchased 14,024 call options on the company. This is an increase of approximately 79% compared to the average volume of 7,824 call options.

ProShares UltraShort Bloomberg Natural Gas Stock Up 7.8 %

Shares of NYSEARCA KOLD opened at $21.34 on Friday. ProShares UltraShort Bloomberg Natural Gas has a fifty-two week low of $19.60 and a fifty-two week high of $85.20. The firm’s 50-day simple moving average is $39.17 and its 200 day simple moving average is $58.32.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in ProShares UltraShort Bloomberg Natural Gas by 767.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after buying an additional 1,727 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $620,000. Flow Traders U.S. LLC increased its stake in ProShares UltraShort Bloomberg Natural Gas by 13.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after buying an additional 1,837 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter valued at about $962,000. Finally, Aveo Capital Partners LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $2,556,000.

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.