ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report)’s stock price traded up 14.9% during trading on Wednesday . The company traded as high as $27.18 and last traded at $25.7910. 9,635,964 shares were traded during mid-day trading, a decline of 36% from the average session volume of 15,046,694 shares. The stock had previously closed at $22.44.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The firm has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $30.57.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC raised its stake in ProShares Ultra Bloomberg Natural Gas by 386.9% during 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 in the last quarter. Group One Trading LLC increased its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 69.4% in the 3rd quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock worth $1,885,000 after buying an additional 25,756 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth about $1,336,000. Centric Wealth Management raised its position in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd quarter. Centric Wealth Management now owns 40,000 shares of the exchange traded fund’s stock valued at $1,204,000 after buying an additional 20,000 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at about $1,751,000.
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.
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