ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 14.9% Higher – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shot up 14.9% during mid-day trading on Wednesday . The stock traded as high as $27.18 and last traded at $25.7910. 9,635,964 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 15,046,694 shares. The stock had previously closed at $22.44.

ProShares Ultra Bloomberg Natural Gas Stock Up 18.8%

The business has a fifty day moving average price of $27.67 and a two-hundred day moving average price of $30.63.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC grew its position in ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 500 shares during the period. BNP Paribas Financial Markets grew its holdings in ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 701 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at approximately $30,000. Thrive Wealth Management LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 29.9% in the fourth quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock valued at $229,000 after acquiring an additional 2,300 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth approximately $74,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.