ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shot up 7.1% during trading on Thursday . The stock traded as high as $33.31 and last traded at $32.5840. 14,826,707 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 18,865,518 shares. The stock had previously closed at $30.43.
ProShares Ultra Bloomberg Natural Gas Trading Up 7.2%
The firm’s 50 day moving average is $26.99 and its two-hundred day moving average is $30.14.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC grew its stake 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 worth $29,000 after purchasing an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $30,000. BNP Paribas Financial Markets grew its position 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 buying an additional 701 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $74,000. Finally, Archford Capital Strategies LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth approximately $202,000.
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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