ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Down 4.8%

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price fell 4.8% during trading on Tuesday . The company traded as low as $68.51 and last traded at $72.09. 938,268 shares traded hands during trading, a decline of 64% from the average session volume of 2,608,867 shares. The stock had previously closed at $75.76.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The firm has a 50-day simple moving average of $71.40 and a two-hundred day simple moving average of $50.19.

Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Holdings LLC purchased a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the first quarter worth $78,000. UBS Group AG increased its holdings in ProShares UltraShort Bloomberg Natural Gas by 30.8% during the 1st quarter. UBS Group AG now owns 7,124 shares of the company’s stock worth $115,000 after purchasing an additional 1,679 shares during the period. Tower Research Capital LLC TRC raised its position in ProShares UltraShort Bloomberg Natural Gas by 102.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,534 shares of the company’s stock valued at $437,000 after purchasing an additional 2,291 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the 3rd quarter valued at about $476,000. Finally, Two Sigma Securities LLC acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the first quarter worth about $567,000.

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.