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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $33.39, but opened at $35.29. ProShares Ultra Bloomberg Natural Gas shares last traded at $35.1640, with a volume of 1,463,572 shares.

ProShares Ultra Bloomberg Natural Gas Trading Up 5.7%

The stock’s fifty day moving average price is $29.81 and its two-hundred day moving average price is $39.68.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently modified their holdings of BOIL. Flow Traders U.S. LLC grew its position in ProShares Ultra Bloomberg Natural Gas by 386.9% in the second quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after acquiring an additional 73,304 shares during the last quarter. Group One Trading LLC boosted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 69.4% in the 3rd quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock valued at $1,885,000 after purchasing an additional 25,756 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at approximately $1,336,000. Centric Wealth Management increased its position in ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd quarter. Centric Wealth Management now owns 40,000 shares of the exchange traded fund’s stock worth $1,204,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at approximately $1,751,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

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.