ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading Up 11.2% – What’s Next?

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares rose 11.2% during trading on Friday . The company traded as high as $63.48 and last traded at $61.63. Approximately 2,761,726 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 1,963,324 shares. The stock had previously closed at $55.40.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The company’s 50 day moving average is $68.20 and its 200 day moving average is $62.57.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

An institutional investor recently raised its position in ProShares UltraShort Bloomberg Natural Gas stock. Flow Traders U.S. LLC lifted its stake in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,630 shares of the company’s stock after purchasing an additional 1,837 shares during the period. Flow Traders U.S. LLC owned approximately 1.02% of ProShares UltraShort Bloomberg Natural Gas worth $863,000 as of its most recent SEC filing.

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.