Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $32.62, but opened at $35.96. ProShares Ultra Bloomberg Natural Gas shares last traded at $39.6320, with a volume of 10,399,281 shares.
ProShares Ultra Bloomberg Natural Gas Stock Up 16.7%
The business has a fifty day moving average of $26.96 and a 200 day moving average of $30.16.
Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas
Hedge funds and other institutional investors have recently made changes to their positions in the business. Simplex Trading LLC increased its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 8,623.8% during the 2nd quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock worth $1,081,000 after purchasing an additional 23,198 shares during the period. Centric Wealth Management bought a new position in ProShares Ultra Bloomberg Natural Gas during the second quarter valued at about $922,000. Tejara Capital Ltd acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at approximately $1,751,000. Flow Traders U.S. LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas by 386.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after acquiring an additional 73,304 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 2nd quarter worth approximately $936,000.
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.
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