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

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded down 3.2% during trading on Wednesday . The company traded as low as $69.36 and last traded at $70.60. 1,574,175 shares changed hands 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 Stock Down 3.2 %

The business’s 50 day moving average price is $68.46 and its two-hundred day moving average price is $62.27.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares UltraShort Bloomberg Natural Gas stock. Headlands Technologies LLC acquired a new position in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

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.