The ProShares UltraShort Bloomberg Natural Gas ETF (KOLD) has appeared as one of the most heavily shorted ETPs in recent lending data. Because KOLD is already an inverse product, shorting it effectively creates a long position on natural gas volatility. The high short value suggests that institutional traders are actively positioning against the fund's performance. As with all ETPs, the borrow fee is a critical metric to watch, as it can fluctuate rapidly based on the underlying liquidity of the natural gas futures market.
Signal data sourced from Interactive Brokers. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.