ProShares UltraShort Bloomberg Natural Gas Stock Scheduled to Reverse Split on Friday, January 14th (NYSEARCA:KOLD)

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ProShares UltraShort Bloomberg Natural Gas (NYSEARCA:KOLD) shares are going to reverse split on Friday, January 14th. The 1-5 reverse split was announced on Friday, January 14th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, January 14th.

ProShares UltraShort Bloomberg Natural Gas stock opened at $11.14 on Monday. The company’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $12.78. ProShares UltraShort Bloomberg Natural Gas has a 12 month low of $5.66 and a 12 month high of $49.60.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clarity Financial LLC grew its position in shares of ProShares UltraShort Bloomberg Natural Gas by 100.0% in the 2nd quarter. Clarity Financial LLC now owns 11,000 shares of the company’s stock valued at $225,000 after acquiring an additional 5,500 shares during the period. Two Sigma Securities LLC bought a new stake in ProShares UltraShort Bloomberg Natural Gas during the 3rd quarter worth approximately $87,000. HAP Trading LLC bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 2nd quarter valued at $327,000. Activest Wealth Management bought a new stake in shares of ProShares UltraShort Bloomberg Natural Gas in the 3rd quarter valued at $115,000. Finally, Morgan Stanley lifted its position in shares of ProShares UltraShort Bloomberg Natural Gas by 10,945.8% during the 2nd quarter. Morgan Stanley now owns 50,148 shares of the company’s stock valued at $1,025,000 after acquiring an additional 49,694 shares during the period.

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