ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 6.5% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) traded up 6.5% during trading on Monday . The stock traded as high as $31.88 and last traded at $32.0420. 5,113,889 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 4,107,657 shares. The stock had previously closed at $30.09.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm has a 50 day moving average price of $28.83 and a 200 day moving average price of $41.39.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently modified their holdings of BOIL. Flow Traders U.S. LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at $1,625,000. Jump Financial LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at $3,029,000. Everstar Asset Management LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at $1,805,000. Headlands Technologies LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at $85,000. Finally, Thrive Wealth Management LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $231,000.

About ProShares Ultra Bloomberg Natural Gas

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.