ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Large Drop in Short Interest

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,673,681 shares, a decrease of 27.1% from the December 15th total of 2,294,456 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average trading volume of 9,717,996 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 9,717,996 shares, the days-to-cover ratio is currently 0.2 days. Currently, 5.4% of the company’s stock are short sold.

ProShares Ultra Bloomberg Natural Gas Stock Up 1.8%

BOIL stock traded up $0.29 during trading on Monday, reaching $16.42. 11,445,514 shares of the stock were exchanged, compared to its average volume of 14,067,639. The firm’s 50 day moving average is $28.26 and its 200 day moving average is $31.00. ProShares Ultra Bloomberg Natural Gas has a twelve month low of $15.20 and a twelve month high of $109.77.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. StoneX Group Inc. bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter worth about $936,000. Flow Traders U.S. LLC boosted its stake in ProShares Ultra Bloomberg Natural Gas by 386.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after purchasing an additional 73,304 shares during the last quarter. Tejara Capital Ltd bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth approximately $1,751,000. Centric Wealth Management purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter worth approximately $922,000. Finally, Simplex Trading LLC lifted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 8,623.8% in the second quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock valued at $1,081,000 after purchasing an additional 23,198 shares in the last quarter.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.

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