ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Trading 11.2% Higher – Should You Buy?

Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) traded up 11.2% during mid-day trading on Friday . The stock traded as high as $63.48 and last traded at $61.63. 2,761,726 shares were traded during 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 Price Performance

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

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

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.