ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Pass Above 50 Day Moving Average – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $58.88 and traded as high as $84.66. ProShares Ultra Bloomberg Natural Gas shares last traded at $83.27, with a volume of 2,883,888 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Up 12.5 %

The firm has a 50 day moving average of $58.88 and a 200 day moving average of $50.53.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors have recently made changes to their positions in BOIL. EP Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $522,000. PVG Asset Management Corp bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $217,000. JPMorgan Chase & Co. bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth $28,000. BNP Paribas Financial Markets bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth $153,000. Finally, Squarepoint Ops LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth $2,366,000.

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.