ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Significant Decrease in Short Interest

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,673,681 shares, a drop of 27.1% from the December 15th total of 2,294,456 shares. Approximately 5.4% of the shares of the company are short sold. Based on an average trading volume of 9,717,996 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 9,717,996 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.4% of the shares of the company are short sold.

ProShares Ultra Bloomberg Natural Gas Stock Up 1.8%

NYSEARCA:BOIL traded up $0.29 during trading on Friday, reaching $16.42. The company’s stock had a trading volume of 11,445,514 shares, compared to its average volume of 14,067,639. ProShares Ultra Bloomberg Natural Gas has a 12 month low of $15.20 and a 12 month high of $109.77. The firm has a 50 day moving average of $28.26 and a 200-day moving average of $31.21.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several hedge funds have recently added to or reduced their stakes in BOIL. FNY Investment Advisers LLC boosted its stake in 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 valued at $29,000 after acquiring an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $30,000. BNP Paribas Financial Markets raised its holdings in shares of 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 worth $61,000 after purchasing an additional 701 shares during the period. EverSource Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $74,000. Finally, HUB Investment Partners LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the second quarter valued at $324,000.

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.