ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Down 51.5% in May

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,958,283 shares, a decline of 51.5% from the May 14th total of 6,098,136 shares. Currently, 16.4% of the company’s stock are short sold. Based on an average daily volume of 5,016,508 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOIL. HUB Investment Partners LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter worth about $324,000. Group One Trading LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter worth about $1,709,000. Two Sigma Securities LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter worth about $744,000. HighTower Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $1,336,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $74,000.

ProShares Ultra Bloomberg Natural Gas Trading Up 2.5%

Shares of BOIL traded up $0.65 during midday trading on Friday, reaching $26.76. 2,591,430 shares of the company were exchanged, compared to its average volume of 6,241,512. The stock has a 50-day moving average price of $27.33 and a 200-day moving average price of $39.23. ProShares Ultra Bloomberg Natural Gas has a 1-year low of $24.14 and a 1-year high of $127.36.

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.