ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $31.43, but opened at $32.97. ProShares Ultra Bloomberg Natural Gas shares last traded at $32.9870, with a volume of 1,025,426 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Trading Up 6.1%

The company has a fifty day simple moving average of $30.32 and a 200-day simple moving average of $38.60.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC boosted its holdings in ProShares Ultra Bloomberg Natural Gas by 386.9% in the second quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after purchasing an additional 73,304 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at about $1,336,000. Tejara Capital Ltd acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at about $1,751,000. Group One Trading LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter worth about $1,709,000. Finally, Jump Financial LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the first quarter worth about $3,029,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

The ProShares Ultra Bloomberg Natural Gas (BOIL) is an exchange-traded fund that is based on the Bloomberg Natural Gas Subindex index. The fund provides 2x the daily return of an index that measures the price performance of natural gas as reflected through publicly traded natural gas futures contracts.