ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Significant Drop in Short Interest

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,555,265 shares, a decrease of 35.2% from the September 30th total of 5,488,399 shares. Based on an average daily volume of 6,631,312 shares, the short-interest ratio is currently 0.5 days. Currently, 19.2% of the shares of the stock are short sold.

ProShares Ultra Bloomberg Natural Gas Stock Performance

Shares of BOIL opened at $16.11 on Monday. ProShares Ultra Bloomberg Natural Gas has a 52-week low of $15.66 and a 52-week high of $93.70. The business’s fifty day moving average is $20.06 and its 200-day moving average is $28.00.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC raised its stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

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.