AI Squared Management Ltd purchased a new stake in ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,400 shares of the company’s stock, valued at approximately $2,667,000. ProShares UltraShort Bloomberg Natural Gas makes up approximately 2.7% of AI Squared Management Ltd’s holdings, making the stock its 12th largest position.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock worth $108,000 after acquiring an additional 1,727 shares during the last quarter. Flow Traders U.S. LLC lifted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 13.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 15,630 shares of the company’s stock valued at $863,000 after acquiring an additional 1,837 shares in the last quarter. Aveo Capital Partners LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the 4th quarter worth about $2,556,000. Finally, IMC Chicago LLC lifted its stake in ProShares UltraShort Bloomberg Natural Gas by 76.5% in the 4th quarter. IMC Chicago LLC now owns 183,848 shares of the company’s stock worth $7,858,000 after acquiring an additional 79,685 shares in the last quarter.
ProShares UltraShort Bloomberg Natural Gas Stock Up 1.9 %
NYSEARCA:KOLD opened at $21.51 on Tuesday. ProShares UltraShort Bloomberg Natural Gas has a fifty-two week low of $16.20 and a fifty-two week high of $85.20. The stock’s 50-day moving average is $26.45 and its two-hundred day moving average is $49.94.
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.
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