ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 11.9% – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) were up 11.9% on Friday . The stock traded as high as $44.78 and last traded at $44.8880. Approximately 2,689,651 shares traded hands during trading, a decline of 40% from the average daily volume of 4,448,029 shares. The stock had previously closed at $40.11.

ProShares Ultra Bloomberg Natural Gas Stock Up 14.0%

The stock has a 50 day moving average of $31.56 and a two-hundred day moving average of $37.74.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $30,000. BNP Paribas Financial Markets grew its stake in ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 701 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth approximately $74,000. Headlands Technologies LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the first quarter valued at approximately $85,000. Finally, Thrive Wealth Management LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $231,000.

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.