ProShares UltraShort Bloomberg Natural Gas Price & Performance (KOLD)

ProShares UltraShort Bloomberg Natural Gas (KOLD) closed at $30.02 on April 23, down 0.5% from the previous session. The ETF swung between $28.91 and $30.56, highlighting its ongoing high daily volatility. Volume also declined, suggesting cautious sentiment among traders amid recent price swings.123

After a strong two-week rally with nearly 14% gains, KOLD saw a modest retreat, closing lower on April 23. While technical indicators still suggest buying momentum, a recent pivot top signals the potential for further short-term declines until a new support is established, emphasizing the ETF’s high-risk profile.345

KOLD’s price action now hovers near resistance at $30.42, with support at $26.34. The ETF’s daily range could fluctuate as much as 8% up or down, making intra-day trades riskier. Analysts recommend waiting until prices approach support before considering new positions due to the current risk/reward setup.34