ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Short Interest Jumps 95.9%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 5,488,399 shares, an increase of 95.9% from the September 15th total of 2,801,571 shares. Approximately 29.1% of the shares of the stock are sold short. Based on an average daily volume of 7,992,356 shares, the days-to-cover ratio is presently 0.7 days.

ProShares Ultra Bloomberg Natural Gas Stock Performance

Shares of NYSEARCA BOIL traded down $0.34 during midday trading on Wednesday, reaching $22.65. 6,916,920 shares of the company were exchanged, compared to its average volume of 5,750,379. The stock’s 50-day moving average price is $20.29 and its 200-day moving average price is $24.28. ProShares Ultra Bloomberg Natural Gas has a one year low of $18.31 and a one year high of $93.70.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently raised its position in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 44,680 shares of the exchange traded fund’s stock after acquiring an additional 6,092 shares during the quarter. Group One Trading LLC owned approximately 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 as of its most recent SEC filing.

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.