ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Stock Price Down 4.8%

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded down 4.8% during mid-day trading on Tuesday . The stock traded as low as $68.51 and last traded at $72.09. 938,268 shares traded hands during trading, a decline of 64% from the average session volume of 2,608,867 shares. The stock had previously closed at $75.76.

ProShares UltraShort Bloomberg Natural Gas Price Performance

The stock’s fifty day moving average is $71.40 and its 200 day moving average is $50.19.

Institutional Investors Weigh In On ProShares UltraShort Bloomberg Natural Gas

Several institutional investors have recently modified their holdings of KOLD. Pinnacle Holdings LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the 1st quarter worth about $78,000. UBS Group AG lifted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 30.8% during the 1st quarter. UBS Group AG now owns 7,124 shares of the company’s stock worth $115,000 after acquiring an additional 1,679 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in ProShares UltraShort Bloomberg Natural Gas by 102.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,534 shares of the company’s stock valued at $437,000 after acquiring an additional 2,291 shares during the period. Simplex Trading LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the 3rd quarter valued at $476,000. Finally, Two Sigma Securities LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the first quarter worth $567,000.

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.