ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Gap Up – Should You Buy?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price gapped up prior to trading on Monday . The stock had previously closed at $26.44, but opened at $27.85. ProShares UltraShort Bloomberg Natural Gas shares last traded at $28.38, with a volume of 1,575,400 shares changing hands.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The business has a 50 day simple moving average of $22.14 and a two-hundred day simple moving average of $43.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% in the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after acquiring an additional 1,727 shares in the last quarter. IMC Chicago LLC raised its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 76.5% in the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock valued at $7,858,000 after purchasing an additional 79,685 shares in the last quarter. Aveo Capital Partners LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth approximately $2,556,000. AI Squared Management Ltd bought a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the fourth quarter valued at approximately $2,667,000. Finally, Jump Financial LLC increased its holdings in ProShares UltraShort Bloomberg Natural Gas by 248.1% during the fourth quarter. Jump Financial LLC now owns 106,912 shares of the company’s stock valued at $4,569,000 after buying an additional 76,201 shares during the period.

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.