Market Data
ProShares UltraShort Bloomberg Natural Gas (KOLD) is a trading--inverse commodities exchange-traded fund from ProShares, launched Oct 4, 2011. The fund charges an expense ratio of 1.43% a year and holds $55M in assets.
Holdings & Allocation
Behaviour On Record
ProShares UltraShort Bloomberg Natural Gas is currently running 52.0% annualised volatility over the last 21 sessions. Measured against KOLD's own 13 years of daily returns rather than a market-wide average, that is the 14th percentile — unusually subdued by its own history, against a typical reading of 80.0%.
KOLD is trading -96.2% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -63.4%, and the deepest was -96.1% in 2022. The current drawdown is already deeper than this fund's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits +30.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 78th percentile — a somewhat wider gap than its own norm. Over the past year KOLD closed higher on 52% of sessions, and it is currently 1 session into a rising streak.
On November specifically: over 13 years of records, KOLD finished the month higher 5 of 13 times, with a median return of -4.8% and an average of -2.4%. Its strongest month historically has been December at +20.7% on average, its weakest August at -8.5%.
Overnight risk is measurable too: KOLD has opened more than 2% away from the prior close in 1181 of 3,269 sessions (36.1% of the time), with the largest gaps running +34.0% and -20.5%.
All figures computed from 3,270 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against KOLD's own 13-year history, not a peer group or index.
News & sentiment
KOLD rose 24.6% over the month to Nov 6.
Technical analysis
On the daily chart KOLD ranks at the 23rd percentile for momentum against 1,060 stocks and ETFs, a bearish reading.
Institutional ownership
3 of the 8 tracked managers added to KOLD in their latest 13F and 5 trimmed. Together their positions are worth $4.2M.
Discover more
Over the six months to Nov 6, KOLD returned +22.0%. Of the 15 related stocks and ETFs, 1 did better, led by UCO at +22.4%.
