ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading 11.2% Higher – Here’s What Happened

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

ProShares UltraShort Bloomberg Natural Gas Stock Up 11.2 %

The business has a 50 day moving average of $68.20 and a 200-day moving average of $62.58.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

An institutional investor recently raised its position in ProShares UltraShort Bloomberg Natural Gas stock. Flow Traders U.S. LLC raised its position in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 1.02% of ProShares UltraShort Bloomberg Natural Gas worth $863,000 at the end of the most recent reporting period.

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.