ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,613,730 shares, a decrease of 36.2% from the May 31st total of 2,529,657 shares. Based on an average daily volume of 3,732,801 shares, the short-interest ratio is presently 0.4 days. Approximately 30.0% of the company’s shares are sold short.
ProShares UltraShort Bloomberg Natural Gas Trading Up 2.3%
Shares of NYSEARCA KOLD traded up $0.55 during trading on Thursday, reaching $23.98. The stock had a trading volume of 1,766,300 shares, compared to its average volume of 7,110,587. ProShares UltraShort Bloomberg Natural Gas has a fifty-two week low of $13.44 and a fifty-two week high of $49.47. The business’s 50-day moving average price is $24.10 and its 200-day moving average price is $25.56.
Hedge Funds Weigh In On ProShares UltraShort Bloomberg Natural Gas
Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of ProShares UltraShort Bloomberg Natural Gas during the second quarter worth about $61,000. Centaurus Financial Inc. acquired a new position in shares of ProShares UltraShort Bloomberg Natural Gas in the first quarter valued at approximately $151,000. Belvedere Trading LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas during the 4th quarter worth approximately $293,000. Two Sigma Securities LLC acquired a new stake in ProShares UltraShort Bloomberg Natural Gas during the 2nd quarter worth approximately $756,000. Finally, Jump Financial LLC lifted its holdings in ProShares UltraShort Bloomberg Natural Gas by 278.0% during the 4th quarter. Jump Financial LLC now owns 27,215 shares of the company’s stock worth $960,000 after buying an additional 20,015 shares in the last 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.
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