ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) saw an uptick in trading volume on Wednesday . 1,256,294 shares traded hands during trading, a decline of 46% from the previous session’s volume of 2,313,052 shares.The stock last traded at $44.00 and had previously closed at $50.49.

ProShares Ultra Bloomberg Natural Gas Trading Down 16.5 %

The business’s 50-day simple moving average is $46.06 and its 200 day simple moving average is $60.30.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Large investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC boosted its position in ProShares Ultra Bloomberg Natural Gas by 21.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,308 shares in the last quarter. PVG Asset Management Corp bought a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at about $217,000. EP Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at about $522,000. Finally, Jane Street Group LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas by 24.7% in the first quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock worth $9,124,000 after purchasing 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.