ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Up 7.4% – What’s Next?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) rose 7.4% during mid-day trading on Monday . The company traded as high as $62.36 and last traded at $64.30. Approximately 467,000 shares changed hands during trading, a decline of 87% from the average daily volume of 3,495,248 shares. The stock had previously closed at $59.84.

ProShares Ultra Bloomberg Natural Gas Price Performance

The business’s 50-day simple moving average is $55.44 and its 200-day simple moving average is $49.56.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 4th quarter valued at $28,000. PVG Asset Management Corp bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at about $217,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at about $522,000.

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.