ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 5,488,399 shares, a growth of 95.9% from the September 15th total of 2,801,571 shares. Based on an average daily volume of 7,992,356 shares, the short-interest ratio is presently 0.7 days. Approximately 29.1% of the shares of the company are short sold.
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 lifted its stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) by 15.8% during the 1st quarter, according to the company in 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 period. Group One Trading LLC owned approximately 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 at the end of the most recent reporting period.
ProShares Ultra Bloomberg Natural Gas Price Performance
NYSEARCA:BOIL traded down $0.63 during mid-day trading on Thursday, hitting $22.02. 7,279,401 shares of the company’s stock traded hands, compared to its average volume of 5,758,633. The firm has a 50 day moving average of $20.36 and a two-hundred day moving average of $24.21. ProShares Ultra Bloomberg Natural Gas has a 12 month low of $18.31 and a 12 month high of $93.70.
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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