ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 9.8% – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price rose 9.8% during trading on Thursday . The stock traded as high as $28.80 and last traded at $29.1090. Approximately 1,784,559 shares were traded during trading, a decline of 72% from the average daily volume of 6,469,673 shares. The stock had previously closed at $26.52.

ProShares Ultra Bloomberg Natural Gas Trading Up 11.4%

The firm has a 50-day simple moving average of $14.34 and a 200 day simple moving average of $21.33.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOIL. FNY Investment Advisers LLC lifted its position in ProShares Ultra Bloomberg Natural Gas by 100.0% during the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 500 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth about $30,000. Allworth Financial LP purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth about $46,000. BNP Paribas Financial Markets raised 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 worth $61,000 after purchasing an additional 701 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth about $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.