ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares to Reverse Split on Thursday, May 28th

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares are going to reverse split on the morning of Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 27th.

ProShares Ultra Bloomberg Natural Gas Stock Performance

Shares of ProShares Ultra Bloomberg Natural Gas stock traded down $0.70 during trading on Tuesday, reaching $13.00. The company’s stock had a trading volume of 10,416,154 shares, compared to its average volume of 13,524,054. The stock has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $22.72. ProShares Ultra Bloomberg Natural Gas has a one year low of $12.07 and a one year high of $66.82.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $30,000. Allworth Financial LP acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at approximately $46,000. BNP Paribas Financial Markets grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 701 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $74,000.

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.