ProShares Ultra Bloomberg Natural Gas Target of Unusually High Options Trading (NYSEARCA:BOIL)

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of some unusual options trading activity on Monday. Stock traders bought 21,878 call options on the stock. This represents an increase of 51% compared to the average daily volume of 14,510 call options.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 1st quarter valued at $85,000. HUB Investment Partners LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at $324,000. Thrive Wealth Management LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $231,000. Revisor Wealth Management LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $342,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth about $744,000.

ProShares Ultra Bloomberg Natural Gas Stock Performance

Shares of BOIL stock opened at $29.36 on Tuesday. ProShares Ultra Bloomberg Natural Gas has a 52-week low of $24.65 and a 52-week high of $109.77. The firm has a fifty day moving average of $28.90 and a 200-day moving average of $43.64.

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.