ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Large Drop in Short Interest

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,555,265 shares, a decrease of 35.2% from the September 30th total of 5,488,399 shares. Approximately 19.2% of the company’s shares are short sold. Based on an average trading volume of 6,631,312 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC grew its position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,680 shares of the exchange traded fund’s stock after acquiring an additional 6,092 shares during the quarter. Group One Trading LLC owned about 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 at the end of the most recent quarter.

ProShares Ultra Bloomberg Natural Gas Price Performance

Shares of BOIL traded up $0.18 during mid-day trading on Tuesday, hitting $16.20. The company had a trading volume of 3,285,169 shares, compared to its average volume of 5,815,124. ProShares Ultra Bloomberg Natural Gas has a 1-year low of $15.66 and a 1-year high of $93.70. The business’s 50-day simple moving average is $20.00 and its 200-day simple moving average is $27.90.

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.