ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 7% – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) traded up 7% during mid-day trading on Thursday . The stock traded as high as $53.00 and last traded at $52.15. 936,564 shares changed hands during trading, a decline of 59% from the average session volume of 2,283,248 shares. The stock had previously closed at $48.74.

ProShares Ultra Bloomberg Natural Gas Trading Down 11.4 %

The business has a fifty day moving average price of $46.07 and a 200 day moving average price of $61.27.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of institutional investors have recently modified their holdings of BOIL. Kingswood Wealth Advisors LLC lifted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,308 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $522,000. Finally, Jane Street Group LLC lifted its position in ProShares Ultra Bloomberg Natural Gas by 24.7% during the 1st quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock worth $9,124,000 after acquiring an additional 140,485 shares in the last quarter.

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.