Investors Buy Large Volume of ProShares UltraShort Bloomberg Natural Gas Call Options (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the recipient of unusually large options trading activity on Thursday. Traders bought 12,526 call options on the company. This represents an increase of 86% compared to the average volume of 6,734 call options.

ProShares UltraShort Bloomberg Natural Gas Trading Down 8.8%

Shares of KOLD opened at $20.79 on Friday. ProShares UltraShort Bloomberg Natural Gas has a 1-year low of $16.20 and a 1-year high of $69.80. The company has a 50-day moving average of $31.10 and a 200 day moving average of $30.27.

Institutional Trading of ProShares UltraShort Bloomberg Natural Gas

A number of large investors have recently modified their holdings of KOLD. Headlands Technologies LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth approximately $61,000. 1248 Management LLC purchased a new position in shares of ProShares UltraShort Bloomberg Natural Gas during the first quarter valued at $43,000. XTX Topco Ltd bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at about $249,000. Belvedere Trading LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the second quarter valued at about $279,000. Finally, Two Sigma Securities LLC purchased a new stake in ProShares UltraShort Bloomberg Natural Gas in the second quarter worth about $756,000.

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.