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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up prior to trading on Monday . The stock had previously closed at $25.19, but opened at $25.91. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.1490, with a volume of 1,113,653 shares traded.

ProShares Ultra Bloomberg Natural Gas Trading Up 5.1%

The company has a 50-day moving average price of $31.35 and a 200-day moving average price of $34.57.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $30,000. BNP Paribas Financial Markets grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after acquiring an additional 701 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth approximately $74,000. Finally, Thrive Wealth Management LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $231,000.

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