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 before the market opened on Friday . The stock had previously closed at $28.15, but opened at $29.35. ProShares Ultra Bloomberg Natural Gas shares last traded at $29.0840, with a volume of 859,740 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business has a fifty day simple moving average of $27.16 and a 200 day simple moving average of $36.33.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors have recently bought and sold shares of the stock. Group One Trading LLC raised its position in ProShares Ultra Bloomberg Natural Gas by 15.8% in the 1st quarter. Group One Trading LLC now owns 44,680 shares of the exchange traded fund’s stock valued at $720,000 after buying an additional 6,092 shares during the last quarter. Corigliano Investment Advisers LLC boosted its holdings in ProShares Ultra Bloomberg Natural Gas by 43.4% during the 4th quarter. Corigliano Investment Advisers LLC now owns 41,600 shares of the exchange traded fund’s stock worth $953,000 after acquiring an additional 12,600 shares during the last quarter. Royal Bank of Canada purchased a new position in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth $162,000. HRT Financial LP grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 57.5% in the 4th quarter. HRT Financial LP now owns 33,001 shares of the exchange traded fund’s stock worth $755,000 after acquiring an additional 12,045 shares in the last quarter. Finally, Marex Group plc grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 19.1% in the 4th quarter. Marex Group plc now owns 11,918 shares of the exchange traded fund’s stock worth $273,000 after acquiring an additional 1,908 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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.