ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 3.8%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price rose 3.8% during trading on Monday . The stock traded as high as $14.08 and last traded at $14.06. Approximately 2,598,796 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 11,110,774 shares. The stock had previously closed at $13.54.

ProShares Ultra Bloomberg Natural Gas Stock Up 4.6 %

The company has a fifty day simple moving average of $14.68 and a 200 day simple moving average of $31.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BOIL. Sunbelt Securities Inc. increased its position in ProShares Ultra Bloomberg Natural Gas by 84.3% during the first quarter. Sunbelt Securities Inc. now owns 2,707 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,238 shares during the last quarter. Peoples Bank KS purchased a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $167,000. Headlands Technologies LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $202,000. Advisory Services Network LLC increased its position in ProShares Ultra Bloomberg Natural Gas by 20.6% during the fourth quarter. Advisory Services Network LLC now owns 8,238 shares of the exchange traded fund’s stock valued at $234,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at $135,000.

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.