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

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the target of unusually large options trading activity on Thursday. Traders bought 14,024 call options on the stock. This is an increase of approximately 79% compared to the typical daily volume of 7,824 call options.

ProShares UltraShort Bloomberg Natural Gas Trading Up 11.2 %

Shares of NYSEARCA KOLD traded up $2.21 during trading on Thursday, reaching $22.01. The company had a trading volume of 7,169,544 shares, compared to its average volume of 6,386,399. The business’s 50-day moving average is $39.17 and its 200 day moving average is $58.32. ProShares UltraShort Bloomberg Natural Gas has a 12-month low of $19.60 and a 12-month high of $85.20.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors and hedge funds have recently modified their holdings of KOLD. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after acquiring an additional 1,727 shares in the last quarter. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at $620,000. Flow Traders U.S. LLC grew its stake in shares of 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 worth $863,000 after buying an additional 1,837 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth about $962,000. Finally, Aveo Capital Partners LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the 4th quarter valued at about $2,556,000.

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.