ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Up 4.2%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares were up 4.2% during mid-day trading on Tuesday . The company traded as high as $22.46 and last traded at $21.87. Approximately 1,498,187 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 10,538,571 shares. The stock had previously closed at $20.98.

ProShares Ultra Bloomberg Natural Gas Stock Up 7.1 %

The stock has a fifty day moving average price of $16.08 and a 200-day moving average price of $20.91.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds have recently made changes to their positions in BOIL. Centric Wealth Management bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $9,704,000. Jane Street Group LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% during the first quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock worth $9,124,000 after purchasing an additional 140,485 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at approximately $1,176,000. Barclays PLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $940,000. Finally, Hibernia Wealth Partners LLC bought a new position in ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth approximately $455,000.

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.