ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Large Growth in Short Interest

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,532,722 shares, a growth of 49.3% from the January 15th total of 2,366,391 shares. Based on an average trading volume of 23,535,592 shares, the short-interest ratio is currently 0.2 days. Approximately 34.4% of the shares of the company are sold short. Approximately 34.4% of the shares of the company are sold short. Based on an average trading volume of 23,535,592 shares, the short-interest ratio is currently 0.2 days.

ProShares Ultra Bloomberg Natural Gas Trading Down 0.2%

Shares of NYSEARCA:BOIL traded down $0.04 during midday trading on Monday, hitting $18.97. The company had a trading volume of 6,718,535 shares, compared to its average volume of 16,722,439. ProShares Ultra Bloomberg Natural Gas has a 12-month low of $15.20 and a 12-month high of $109.77. The company has a fifty day moving average of $23.82 and a two-hundred day moving average of $28.48.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Foundations Investment Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth approximately $1,981,000. SLT Holdings LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth approximately $1,978,000. Flow Traders U.S. LLC increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 386.9% in the second quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock worth $4,251,000 after purchasing an additional 73,304 shares in the last quarter. Simplex Trading LLC raised its position in shares of ProShares Ultra Bloomberg Natural Gas by 2,202.9% during the 4th quarter. Simplex Trading LLC now owns 76,227 shares of the exchange traded fund’s stock valued at $1,746,000 after purchasing an additional 72,917 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at $1,336,000.

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.