ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Up 7.6% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares were up 7.6% on Tuesday . The company traded as high as $28.45 and last traded at $28.4430. 2,568,796 shares changed hands during trading, a decline of 57% from the average daily volume of 5,961,489 shares. The stock had previously closed at $26.44.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The company has a 50-day moving average of $27.20 and a 200-day moving average of $35.74.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently made changes to their positions in BOIL. Foundations Investment Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at $1,981,000. SLT Holdings LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at about $1,978,000. Simplex Trading LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 2,202.9% in the 4th quarter. Simplex Trading LLC now owns 76,227 shares of the exchange traded fund’s stock valued at $1,746,000 after purchasing an additional 72,917 shares in the last quarter. HighTower Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $1,336,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth about $997,000.

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.