ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Down 3.2% – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) fell 3.2% during mid-day trading on Wednesday . The company traded as low as $69.36 and last traded at $70.60. 1,574,175 shares were traded during trading, a decline of 20% from the average session volume of 1,965,638 shares. The stock had previously closed at $72.97.

ProShares UltraShort Bloomberg Natural Gas Trading Down 2.0 %

The stock has a fifty day moving average of $68.47 and a 200-day moving average of $62.30.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares UltraShort Bloomberg Natural Gas stock. Headlands Technologies LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,840 shares of the company’s stock, valued at approximately $288,000. Headlands Technologies LLC owned approximately 0.12% of ProShares UltraShort Bloomberg Natural Gas at the end of the most recent quarter.

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.