ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $27.13 and traded as high as $28.25. ProShares Ultra Bloomberg Natural Gas shares last traded at $28.12, with a volume of 2,828,451 shares.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The business has a fifty day simple moving average of $27.13 and a two-hundred day simple moving average of $36.75.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas
Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC boosted its stake in ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $30,000. Allworth Financial LP acquired a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $46,000. BNP Paribas Financial Markets raised its stake in ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 701 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $74,000.
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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.
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