ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Tuesday . The stock had previously closed at $48.62, but opened at $50.06. ProShares Ultra Bloomberg Natural Gas shares last traded at $51.18, with a volume of 441,858 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Trading Down 16.5 %

The firm’s 50 day moving average is $46.14 and its 200 day moving average is $60.42.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PVG Asset Management Corp purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $217,000. EP Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $522,000. Kingswood Wealth Advisors LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,308 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% in the 1st quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock valued at $9,124,000 after acquiring an additional 140,485 shares in 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.