ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) Shares Down 4.1%

ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) were down 4.1% during mid-day trading on Friday . The company traded as low as $66.60 and last traded at $67.84, approximately 285,100 shares traded hands during trading. An increase of 275% from the average daily volume of 75,950 shares. The stock had previously closed at $70.76.

The business’s 50 day moving average price is $64.07 and its 200-day moving average price is $52.96.

A hedge fund recently raised its stake in ProShares UltraShort Bloomberg Natural Gas stock. Simplex Trading LLC increased its holdings in shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) by 864.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 781 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Simplex Trading LLC owned about 0.24% of ProShares UltraShort Bloomberg Natural Gas worth $48,000 as of its most recent filing with the SEC.

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