Shares of ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD – Get Rating) are expected to reverse ahead of market open Thursday, May 26. The 1-4 reverse split was announced on Thursday, May 26. The number of shares held by shareholders will be adjusted after market close on Thursday, May 26.

Shares of KOLD opened at $7.11 on Friday. The company’s 50-day moving average is $14.04 and its two-hundred-day moving average is $34.44. ProShares UltraShort Bloomberg Natural Gas has a 52-week low of $5.86 and a 52-week high of $170.26.

Institutional investors and hedge funds have recently changed their positions in the company. Morgan Stanley increased its position in ProShares UltraShort Bloomberg Natural Gas shares by 10,945.8% during the second quarter. Morgan Stanley now owns 50,148 shares of the company valued at $1,025,000 after acquiring 49,694 additional shares last quarter. Two Sigma Securities LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during Q3 for $87,000. IMC Chicago LLC increased its stake in ProShares UltraShort Bloomberg Natural Gas by 42.5% during the 4th quarter. IMC Chicago LLC now owns 486,813 shares of the company worth $5,895,000 after purchasing an additional 145,293 shares in the last quarter. Citigroup Inc. bought a new position in ProShares UltraShort Bloomberg Natural Gas during Q1 worth $705,000. Finally, Pinnacle Holdings LLC bought a new position in ProShares UltraShort Bloomberg Natural Gas during Q1 worth $78,000.

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