ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Pass Above Fifty Day Moving Average – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.13 and traded as high as $28.25. ProShares Ultra Bloomberg Natural Gas shares last traded at $28.12, with a volume of 2,828,451 shares.

ProShares Ultra Bloomberg Natural Gas Stock Up 1.8%

The stock’s 50-day moving average price is $27.21 and its 200 day moving average price is $36.28.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several hedge funds have recently modified their holdings of the stock. HUB Investment Partners LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter valued at about $324,000. Group One Trading LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth approximately $1,709,000. Two Sigma Securities LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth approximately $744,000. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $1,336,000. Finally, EverSource Wealth Advisors LLC acquired a new stake 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.