ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Down 27.1% in December

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,673,681 shares, a drop of 27.1% from the December 15th total of 2,294,456 shares. Approximately 5.4% of the company’s stock are short sold. Based on an average daily volume of 9,717,996 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 9,717,996 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.4% of the company’s stock are short sold.

ProShares Ultra Bloomberg Natural Gas Price Performance

Shares of BOIL stock traded up $0.29 on Friday, reaching $16.42. 11,445,514 shares of the company were exchanged, compared to its average volume of 14,067,639. The company has a 50-day moving average of $28.26 and a 200-day moving average of $31.21. ProShares Ultra Bloomberg Natural Gas has a one year low of $15.20 and a one year high of $109.77.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors have recently modified their holdings of BOIL. FNY Investment Advisers LLC lifted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in 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 acquired a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $30,000. BNP Paribas Financial Markets lifted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $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 valued at about $74,000. Finally, Archford Capital Strategies LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth about $202,000.

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.