ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 10.5% – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares rose 10.5% during mid-day trading on Tuesday . The stock traded as high as $80.43 and last traded at $81.86. Approximately 1,791,106 shares were traded during trading, a decline of 47% from the average daily volume of 3,393,306 shares. The stock had previously closed at $74.05.

ProShares Ultra Bloomberg Natural Gas Trading Down 7.4 %

The company has a fifty day simple moving average of $60.77 and a two-hundred day simple moving average of $51.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BOIL. EP Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $522,000. PVG Asset Management Corp purchased a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $217,000. JPMorgan Chase & Co. purchased a new position in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth approximately $28,000. BNP Paribas Financial Markets acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth approximately $153,000. Finally, Squarepoint Ops LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth approximately $2,366,000.

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.