ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Time to Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up prior to trading on Friday . The stock had previously closed at $32.62, but opened at $35.96. ProShares Ultra Bloomberg Natural Gas shares last traded at $39.6320, with a volume of 10,399,281 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50 day moving average is $26.96 and its two-hundred day moving average is $30.16.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC lifted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 500 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in 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 valued at $61,000 after purchasing an additional 701 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $30,000. Thrive Wealth Management LLC grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 29.9% during the fourth quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock worth $229,000 after buying an additional 2,300 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $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.