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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped up before the market opened on Monday . The stock had previously closed at $36.03, but opened at $41.40. ProShares Ultra Bloomberg Natural Gas shares last traded at $42.00, with a volume of 1,917,490 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Trading Down 0.7 %

The business’s 50-day moving average is $46.29 and its two-hundred day moving average is $62.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Jane Street Group LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 709,523 shares of the exchange traded fund’s stock after purchasing an additional 140,485 shares during the period. Jane Street Group LLC owned 1.72% of ProShares Ultra Bloomberg Natural Gas worth $9,124,000 at the end of the most recent reporting period.

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.