ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Update

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,958,283 shares, a decrease of 51.5% from the May 14th total of 6,098,136 shares. Based on an average trading volume of 5,016,508 shares, the days-to-cover ratio is presently 0.6 days. Approximately 16.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC increased 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 worth $29,000 after purchasing an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at $30,000. Allworth Financial LP acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at $46,000. BNP Paribas Financial Markets grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the third 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 in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $74,000.

ProShares Ultra Bloomberg Natural Gas Price Performance

Shares of NYSEARCA BOIL traded up $0.05 during mid-day trading on Monday, reaching $26.81. The company’s stock had a trading volume of 2,773,255 shares, compared to its average volume of 6,211,646. The stock has a 50-day moving average of $27.26 and a two-hundred day moving average of $38.97. ProShares Ultra Bloomberg Natural Gas has a 1-year low of $24.14 and a 1-year high of $127.36.

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.