ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Free Report) dropped 12.7% on Thursday. The stock traded as low as $22.50 and last traded at $23.10. Approximately 10,215,096 shares changed hands during trading, an increase of 80% from the average session volume of 5,664,696 shares. The stock had previously closed at $26.46.
ProShares UltraShort Bloomberg Natural Gas Stock Down 12.7%
The firm has a fifty day simple moving average of $29.10 and a 200 day simple moving average of $25.54.
Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas
A hedge fund recently bought a new position in ProShares UltraShort Bloomberg Natural Gas stock. Centaurus Financial Inc. bought a new stake in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,944 shares of the company’s stock, valued at approximately $151,000. Centaurus Financial Inc. owned about 0.13% of ProShares UltraShort Bloomberg Natural Gas at the end of the most recent quarter.
ProShares UltraShort Bloomberg Natural Gas Company Profile
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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