ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Up 39.4% in December

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,294,456 shares, a growth of 39.4% from the November 30th total of 1,646,001 shares. Based on an average daily trading volume, of 9,720,678 shares, the short-interest ratio is presently 0.2 days. Approximately 11.8% of the shares of the company are short sold. Approximately 11.8% of the shares of the company are short sold. Based on an average daily trading volume, of 9,720,678 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra Bloomberg Natural Gas Trading Up 2.5%

BOIL opened at $25.81 on Tuesday. ProShares Ultra Bloomberg Natural Gas has a twelve month low of $21.03 and a twelve month high of $109.77. The company’s 50-day moving average price is $31.28 and its two-hundred day moving average price is $34.40.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC increased its position in ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $30,000. BNP Paribas Financial Markets increased its holdings in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 701 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $467,000. Finally, Group One Trading LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 69.4% during the third quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock valued at $1,885,000 after purchasing an additional 25,756 shares during 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.