ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $16.75, but opened at $17.86. ProShares Ultra Bloomberg Natural Gas shares last traded at $18.4170, with a volume of 6,385,176 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company has a 50-day simple moving average of $19.72 and a 200 day simple moving average of $27.52.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A hedge fund recently raised its position in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC boosted its position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,680 shares of the exchange traded fund’s stock after buying 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 at the end of the most recent reporting period.

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.