ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Down 3.2% – Here’s What Happened

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)’s share price were down 3.2% during mid-day trading on Wednesday . The company traded as low as $69.36 and last traded at $70.60. Approximately 1,574,175 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 1,965,638 shares. The stock had previously closed at $72.97.

ProShares UltraShort Bloomberg Natural Gas Stock Performance

The firm’s 50-day moving average price is $68.46 and its 200 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 bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,840 shares of the company’s stock, valued at approximately $288,000. Headlands Technologies LLC owned about 0.12% of ProShares UltraShort Bloomberg Natural Gas at the end of the most recent reporting period.

About ProShares UltraShort Bloomberg Natural Gas

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.