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ProShares UltraShort Bloomberg Natural Gas (KOLD)
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Upturn Advisory Summary
12/04/2025: KOLD (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -73.31% | Avg. Invested days 19 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Volume (30-day avg) - | Beta -6.51 | 52 Weeks Range 16.20 - 85.20 | Updated Date 06/30/2025 |
52 Weeks Range 16.20 - 85.20 | Updated Date 06/30/2025 |
Upturn AI SWOT
ProShares UltraShort Bloomberg Natural Gas
ETF Overview
Overview
ProShares UltraShort Bloomberg Natural Gas (KOLD) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Natural Gas Subindex.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, with a reputation for providing sophisticated investment tools.
Management Expertise
ProShares has a dedicated team of professionals with experience in managing complex ETF products.
Investment Objective
Goal
To seek daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Natural Gas Subindex.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged inverse strategy, aiming to deliver twice the inverse of the daily performance of the Bloomberg Natural Gas Subindex. It is not designed for long-term holding.
Composition The ETF primarily invests in financial instruments, such as futures contracts, swaps, and options, related to natural gas.
Market Position
Market Share: Data not readily available without live market data access. Estimated to be substantial within the inverse natural gas ETF niche.
Total Net Assets (AUM): 67550000
Competitors
Key Competitors
- United States Natural Gas Fund LP (UNG)
- ProShares Ultra Bloomberg Natural Gas (BOIL)
Competitive Landscape
The competitive landscape is dominated by a few key players offering various levels of exposure to natural gas prices. KOLD offers an inverse leveraged position, making it suitable for short-term bearish outlooks. Its leverage amplifies both gains and losses compared to non-leveraged competitors. UNG provides direct exposure to natural gas futures, while BOIL offers leveraged bullish exposure. KOLD benefits from being a well-established, easily-traded choice for inversely leveraged natural gas, but suffers if natural gas persistently trends upwards, due to leveraged losses and daily reset effects.
Financial Performance
Historical Performance: Due to the leveraged and inverse nature, historical performance can be highly volatile and is not indicative of future results. Performance is highly correlated to short-term movements in natural gas prices.
Benchmark Comparison: The ETF's performance is compared to the inverse of the Bloomberg Natural Gas Subindex, but the daily leverage and reset effects mean it will deviate significantly over longer periods.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The ETF typically has high average trading volume, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is usually tight, implying relatively low trading costs.
Market Dynamics
Market Environment Factors
Natural gas prices are influenced by weather patterns, production levels, storage inventories, and geopolitical events. These factors drive the performance of KOLD.
Growth Trajectory
Growth depends on investor demand for inverse and leveraged exposure to natural gas. Strategy and holdings adjustments are made to maintain its target exposure.
Moat and Competitive Advantages
Competitive Edge
KOLD's competitive edge lies in its established position as a leading inverse leveraged natural gas ETF. It offers a straightforward way for investors to express short-term bearish views on natural gas. The ETF's high liquidity and trading volume make it easy to enter and exit positions quickly. ProShares' reputation as a reliable issuer of leveraged ETFs also contributes to its competitive advantage. The ETF's inverse leverage is both a benefit and a risk.
Risk Analysis
Volatility
KOLD exhibits very high volatility due to its leveraged and inverse nature. Significant price swings are common.
Market Risk
KOLD's performance is heavily influenced by the market risk associated with natural gas prices. Unforeseen events can trigger sharp price movements, leading to substantial losses.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated, short-term trader with a strong understanding of leveraged and inverse ETFs and a bearish outlook on natural gas prices.
Market Risk
KOLD is best suited for active traders seeking short-term tactical opportunities. It is not appropriate for long-term investors or those seeking passive index tracking.
Summary
ProShares UltraShort Bloomberg Natural Gas (KOLD) is a leveraged inverse ETF designed for short-term trading of natural gas prices. It aims to deliver twice the inverse of the daily performance of the Bloomberg Natural Gas Subindex. KOLD is highly volatile and risky, making it suitable only for sophisticated investors with a bearish outlook. Due to daily rebalancing, it is not suitable for long term holdings. Investors should consider the potential for significant losses before investing in KOLD.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ProShares website
- Bloomberg
- SEC filings
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investing in leveraged and inverse ETFs involves significant risks, including the potential for substantial losses. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares UltraShort Bloomberg Natural Gas
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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).
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.