ProShares UltraShort Bloomberg Natural Gas

KOLD

Market cap $178M

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

KOLD is a 2x leveraged inverse ETF on natural gas, suitable only for short-term momentum trades, not for buy-and-hold investing. Natural gas prices are at key support levels, and seasonality data suggests a likely rebound in prices heading into September. Storage levels are elevated but not alarming, with robust U.S. production and weaker summer demand pressuring prices downward.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

KOLD is a 2x leveraged inverse ETF on natural gas, best suited for day trading due to its daily reset and compounding risks. Holding KOLD beyond a single day can lead to significant performance deviations, especially in volatile natural gas markets. My long-term bullish outlook on natural gas makes KOLD unattractive for buy-and-hold investors; however, exogenous events may create appealing volatility for day traders.

Faster-than-average global energy demand growth in 2024 has helped to contribute to rising interest in nuclear energy, renewables, and natural gas so far in 2025. The U.S. Energy Information Administration (EIA) expects these trends to continue and has singled out natural gas as a particular energy source to watch.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Natural gas prices are highly seasonal, with peaks during winter heating demand and potential rallies in summer due to air-conditioning needs. Current high inventory levels and the incoming administration's pledge to increase oil and gas output suggest limited upside for natural gas prices. The ProShares UltraShort Bloomberg Natural Gas ETF offers a leveraged bearish position on natural gas futures, suitable for short-term trades.