ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 5.6% Higher – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) rose 5.6% during trading on Tuesday . The stock traded as high as $28.28 and last traded at $28.3230. Approximately 1,686,350 shares changed hands during trading, a decline of 73% from the average daily volume of 6,171,812 shares. The stock had previously closed at $26.81.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The firm’s 50-day moving average price is $27.26 and its 200 day moving average price is $38.97.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Large investors have recently modified their holdings of the stock. Group One Trading LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 69.4% in the third quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock worth $1,885,000 after acquiring an additional 25,756 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $1,336,000. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $997,000. Foundations Investment Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $1,981,000. Finally, SLT Holdings LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $1,978,000.

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