ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 7.2% – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) rose 7.2% during mid-day trading on Friday . The stock traded as high as $35.79 and last traded at $35.7560. Approximately 2,867,386 shares were traded during trading, a decline of 35% from the average daily volume of 4,384,573 shares. The stock had previously closed at $33.36.

ProShares Ultra Bloomberg Natural Gas Price Performance

The business has a fifty day moving average of $30.48 and a 200-day moving average of $38.53.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 701 shares during the period. EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $74,000. Headlands Technologies LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 1st quarter valued at about $85,000. Thrive Wealth Management LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $231,000. Finally, HUB Investment Partners LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 2nd quarter valued at about $324,000.

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.