Stock Traders Buy High Volume of Call Options on ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD)

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) was the recipient of unusually large options trading activity on Monday. Traders bought 8,081 call options on the stock. This is an increase of 56% compared to the typical daily volume of 5,189 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KOLD. JPMorgan Chase & Co. lifted its stake in shares of ProShares UltraShort Bloomberg Natural Gas by 767.6% in the third quarter. JPMorgan Chase & Co. now owns 1,952 shares of the company’s stock valued at $108,000 after buying an additional 1,727 shares during the period. Flow Traders U.S. LLC raised its holdings in 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. Finally, IMC Chicago LLC grew its holdings in shares of ProShares UltraShort Bloomberg Natural Gas by 246.6% during the 3rd quarter. IMC Chicago LLC now owns 104,163 shares of the company’s stock worth $5,752,000 after purchasing an additional 74,108 shares in the last quarter.

ProShares UltraShort Bloomberg Natural Gas Trading Down 18.8 %

Shares of NYSEARCA:KOLD traded down $9.30 during trading on Monday, reaching $40.26. The stock had a trading volume of 7,170,980 shares, compared to its average volume of 2,006,991. The stock has a fifty day simple moving average of $65.49 and a two-hundred day simple moving average of $64.60. ProShares UltraShort Bloomberg Natural Gas has a 52 week low of $32.51 and a 52 week high of $88.49.

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.