ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 5.6% – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) rose 5.6% during mid-day trading on Wednesday . The stock traded as high as $55.66 and last traded at $55.13. Approximately 773,092 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 3,420,030 shares. The stock had previously closed at $52.21.

ProShares Ultra Bloomberg Natural Gas Trading Up 8.9 %

The stock’s 50-day moving average price is $45.03 and its 200 day moving average price is $50.01.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned about 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent filing with the SEC.

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.