Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $27.77 and traded as low as $26.56. ProShares Ultra Bloomberg Natural Gas shares last traded at $27.22, with a volume of 2,868,162 shares traded.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The business’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $40.43.
Institutional Trading of ProShares Ultra Bloomberg Natural Gas
A number of hedge funds and other institutional investors have recently made changes to their positions in BOIL. FNY Investment Advisers LLC raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% during the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter valued at approximately $30,000. Allworth Financial LP acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at approximately $46,000. BNP Paribas Financial Markets raised its holdings in shares of 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 valued at $61,000 after acquiring an additional 701 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter valued at 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.
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