ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Break Above 50 Day Moving Average – What’s Next?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $20.19 and traded as high as $22.71. ProShares Ultra Bloomberg Natural Gas shares last traded at $22.16, with a volume of 5,160,537 shares traded.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock has a 50 day moving average of $20.19 and a 200 day moving average of $24.48.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,680 shares of the exchange traded fund’s stock after purchasing an additional 6,092 shares during the period. Group One Trading LLC owned 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 as of its most recent SEC filing.

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.