ProShares UltraShort Bloomberg Natural Gas (KOLD)Trading--Inverse Commodities | Exchange Traded Fund | NYSEArca
27.98 USD
+1.02
(3.783%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:28 a.m. EDT
This instrument is a high-volatility leveraged bet on natural gas prices, currently sitting in a precarious equilibrium. The price action shows a recent bounce from lows, yet the long-term trajectory remains deeply distressed, having lost over 93% of its value since inception due to the brutal crash in the energy sector. While the recent price recovery offers some relief, the underlying asset class has suffered a structural implosion that the market has not yet fully priced out. The options data reveals a tense standoff: traders are buying protection just below current levels while simultaneously placing heavy bets on a dramatic surge higher, reflecting the binary nature of the commodity cycle. However, the statistical forecast model offers no guidance, showing low confidence in any immediate directional move. For a short-term trader, the setup is neutral; the momentum is fragile, and the lack of a confirmed trend in the underlying commodity makes aggressive entries risky. There is no income component to cushion the blow, leaving the trade entirely dependent on the next swing in weather forecasts or geopolitical events. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.112806 |
| AutoETS | 0.115855 |
| MSTL | 0.127911 |
| AutoTheta | 0.179145 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 7.67 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.393 |
| Excess Kurtosis | -0.77 |
As of July 11, 2026, 3:28 a.m. EDT: Speculators are positioning for continued volatility rather than a clear directional breakout. Call volume is heavily skewed toward out-of-the-money strikes (above $27-$34) with massive open interest walls, suggesting bets on a sharp rally if natural gas prices rebound. Conversely, put volume is concentrated just below the current price ($20-$23) with significant open interest, acting as a hedge against further declines. The extreme disparity in implied volatility between deep out-of-the-money calls and deep in-the-money puts indicates a market expecting a 'V' shape or high-amplitude swings, but the lack of directional bias in the aggregate flow suggests uncertainty about whether the commodity cycle will turn up or down.
| Attribute | Value |
|---|---|
| All Time High | 872.9 |
| All Time Low | 4.53 |
| Ask | 0.0 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 3,086,200 |
| Average Daily Volume3 Month | 3,345,345 |
| Average Volume | 3,345,345 |
| Average Volume10Days | 3,086,200 |
| Beta3 Year | -3.29 |
| Bid | 0.0 |
| Bid Size | 1,700 |
| Category | Trading--Inverse Commodities |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 28.58 |
| Day Low | 27.34 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 23.8882 |
| Fifty Day Average Change | 4.091799 |
| Fifty Day Average Change Percent | 0.17128953 |
| Fifty Two Week Change Percent | 15.667629 |
| Fifty Two Week High | 49.47 |
| Fifty Two Week High Change | -21.490002 |
| Fifty Two Week High Change Percent | -0.4344047 |
| Fifty Two Week Low | 13.44 |
| Fifty Two Week Low Change | 14.54 |
| Fifty Two Week Low Change Percent | 1.0818453 |
| Fifty Two Week Range | 13.44 - 49.47 |
| First Trade Date Milliseconds | 1,317,907,800,000 |
| Five Year Average Return | -0.3301679 |
| Full Exchange Name | NYSEArca |
| Fund Family | ProShares |
| Fund Inception Date | 1,317,686,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund seeks to meet its investment objective by investing in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity). |
| Long Name | ProShares UltraShort Bloomberg Natural Gas |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_141381130 |
| Nav Price | 27.001 |
| Net Assets | 132,126,480.0 |
| Net Expense Ratio | 1.43 |
| Open | 28.29 |
| Phone | 240-497-6400 |
| Pre Market Change | -0.028598785 |
| Pre Market Change Percent | -0.10224807 |
| Pre Market Price | 27.9414 |
| Pre Market Time | 1,784,031,455 |
| Previous Close | 26.96 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.02 |
| Regular Market Change Percent | 3.78338 |
| Regular Market Day High | 28.58 |
| Regular Market Day Low | 27.34 |
| Regular Market Day Range | 27.34 - 28.58 |
| Regular Market Open | 28.29 |
| Regular Market Previous Close | 26.96 |
| Regular Market Price | 27.98 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 2,052,255 |
| Short Name | ProShares UltraShort Bloomberg |
| Source Interval | 15 |
| Symbol | KOLD |
| Three Year Average Return | -0.048105203 |
| Total Assets | 132,126,480 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 2.96667 |
| Trailing Three Month Returns | 2.96667 |
| Triggerable | 1 |
| Two Hundred Day Average | 26.9726 |
| Two Hundred Day Average Change | 1.0073986 |
| Two Hundred Day Average Change Percent | 0.03734896 |
| Type Disp | ETF |
| Volume | 2,052,255 |
| Yield | 0.0 |
| Ytd Return | -37.25797 |