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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Tuesday . The stock had previously closed at $16.42, but opened at $21.91. ProShares Ultra Bloomberg Natural Gas shares last traded at $21.2810, with a volume of 14,777,246 shares.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50-day moving average is $27.30 and its two-hundred day moving average is $30.57.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Institutional investors and hedge funds have recently made changes to their positions in the business. Archford Capital Strategies LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at $202,000. Thrive Wealth Management LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 29.9% during the 4th quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 2,300 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd 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 purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $30,000. Finally, BNP Paribas Financial Markets grew its stake in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd 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 in the last quarter.

About ProShares Ultra Bloomberg Natural Gas

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.