ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up prior to trading on Wednesday . The stock had previously closed at $27.26, but opened at $28.39. ProShares Ultra Bloomberg Natural Gas shares last traded at $28.6090, with a volume of 844,208 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Up 2.6%

The company’s fifty day moving average is $27.61 and its 200-day moving average is $40.12.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC lifted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 15.8% during the 1st quarter. Group One Trading LLC now owns 44,680 shares of the exchange traded fund’s stock worth $720,000 after acquiring an additional 6,092 shares during the last quarter. Corigliano Investment Advisers LLC raised its position in ProShares Ultra Bloomberg Natural Gas by 43.4% during the 4th quarter. Corigliano Investment Advisers LLC now owns 41,600 shares of the exchange traded fund’s stock valued at $953,000 after purchasing an additional 12,600 shares in the last quarter. Royal Bank of Canada bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 4th quarter valued at $162,000. HRT Financial LP raised its position in ProShares Ultra Bloomberg Natural Gas by 57.5% during the 4th quarter. HRT Financial LP now owns 33,001 shares of the exchange traded fund’s stock valued at $755,000 after purchasing an additional 12,045 shares in the last quarter. Finally, Marex Group plc raised its position in ProShares Ultra Bloomberg Natural Gas by 19.1% during the 4th quarter. Marex Group plc now owns 11,918 shares of the exchange traded fund’s stock valued at $273,000 after purchasing an additional 1,908 shares in the last quarter.

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.