# ProShares - UltraShort Bloomberg Natural Gas (KOLD) ETF

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> **Last updated:** 2026-03-15 UTC  
> **Disclaimer:** This is not financial advice. Educational purposes only.

## Quick Answer

ProShares - UltraShort Bloomberg Natural Gas (KOLD), managed by ProShares, is a commodities ETF. 0.95% expense ratio, $295M AUM, 2 holdings, inception 2011.

## Fund Snapshot

- **Fund Name:** ProShares - UltraShort Bloomberg Natural Gas
- **Symbol:** KOLD
- **Asset Class:** Commodities
- **Issuer:** ProShares
- **Domicile:** US
- **Expense Ratio:** 0.95%
- **NAV:** $19.12
- **AUM:** $295.06M
- **Inception Date:** 2011-10-04
- **Holdings Count:** 2
- **Dividend Yield:** 0.00%
- **Beta:** -5.74

## About ProShares - UltraShort Bloomberg Natural Gas

ProShares UltraShort Bloomberg Natural Gas 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 SubindexSM.

## Investment Strategy

ProShares UltraShort Bloomberg Natural Gas 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 SubindexSM. ProShares - UltraShort Bloomberg Natural Gas provides exposure to the commodities market. The portfolio is concentrated with 2 holdings.

## Risk Profile

ProShares - UltraShort Bloomberg Natural Gas holds only 2 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of -5.74 indicates lower volatility relative to the broader market. The 0.95% expense ratio is above average and will reduce net returns over time.

## Sector Allocation

- Cash & Others: 100.0%

## Country Allocation

- Other: 100.0%

## Frequently Asked Questions

### What is ProShares - UltraShort Bloomberg Natural Gas (KOLD)?

ProShares UltraShort Bloomberg Natural Gas 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 SubindexSM. It holds 2 securities. With $295M in assets under management, it is a funds in its category.

### What is the expense ratio for KOLD?

ProShares - UltraShort Bloomberg Natural Gas has an expense ratio of 0.95%, which is considered higher than average for commodities ETFs. This means for every $10,000 invested, annual fees would be approximately $95. Lower expense ratios generally lead to better long-term returns, all else being equal.

### How long has KOLD been around?

ProShares - UltraShort Bloomberg Natural Gas was launched in 2011, making it 15 years old. With over a decade of history, it has navigated various market conditions. It is managed by ProShares.

### What is the current NAV of KOLD?

ProShares - UltraShort Bloomberg Natural Gas has a net asset value (NAV) of approximately $19.12 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.

### Is KOLD a good investment?

ProShares - UltraShort Bloomberg Natural Gas is a commodities ETF with $295M in assets and 2 holdings. Equity ETFs are subject to market risk and can experience significant short-term volatility, though they have historically provided strong long-term returns for patient investors. Whether it is suitable depends on your investment goals, risk tolerance, and time horizon. Consider consulting a financial advisor for personalized guidance.

## Data Sources

- Yahoo Finance (ETF bundle)
- Issuer prospectus
- Stock Expert AI proprietary analysis

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All content on Stock Expert AI is for educational and informational purposes only. Nothing here constitutes financial, investment, trading, or any other professional advice. Users should consult qualified financial advisors before making investment decisions.

ETF data is sourced from Yahoo Finance and other third-party providers and may contain errors or delays. Past performance does not guarantee future results. Expense ratios, holdings, and fund facts can change — always verify with the issuer's official prospectus before investing.

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