ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Still a Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $25.19, but opened at $25.91. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.1490, with a volume of 1,113,653 shares.

ProShares Ultra Bloomberg Natural Gas Stock Up 0.5%

The business has a 50 day simple moving average of $31.19 and a 200-day simple moving average of $34.21.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC lifted its stake in ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $30,000. BNP Paribas Financial Markets raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 701 shares during the period. EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $74,000. Finally, Thrive Wealth Management LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $231,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.