ProShares UltraShort Bloomberg Natural Gas Price & Performance (KOLD)

The ProShares UltraShort Bloomberg Crude Oil ETF recently surpassed its 200-day moving average, trading as high as $19.40 before closing at $19.33. This marks a significant uptick from its 50-day average of $16.55. Institutional interest also grew, with Atomi Financial Group acquiring over 10,000 shares in Q4 2024.1

Northern Oil and Gas experienced a downgrade by Capital One Financial to an 'equal weight' rating from 'overweight.' The company also reported Q4 earnings of $1.11 per share, missing expectations. Despite challenges, it increased its quarterly dividend to $0.45 per share, reflecting a 5.45% annual yield.2

Leveraged ETFs like BOIL and KOLD are gaining traction as natural gas prices remain volatile. After historic lows in 2020, the commodity has seen significant swings, with traders leveraging these products for directional bets. The market's unpredictability continues to draw both bullish and bearish investors.3