Short Interest in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Expands By 19.6%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 4,935,236 shares, a growth of 19.6% from the March 31st total of 4,127,095 shares. Approximately 15.1% of the shares of the company are sold short. Based on an average daily volume of 12,145,746 shares, the short-interest ratio is currently 0.4 days.

ProShares Ultra Bloomberg Natural Gas Trading Up 2.6%

NYSEARCA:BOIL traded up $0.34 on Friday, hitting $13.30. The stock had a trading volume of 6,362,380 shares, compared to its average volume of 13,950,091. The business’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $23.26. ProShares Ultra Bloomberg Natural Gas has a 52-week low of $12.07 and a 52-week high of $70.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd 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. BNP Paribas Financial Markets lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 701 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at about $30,000. Marex Group plc lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 19.1% during the 4th quarter. Marex Group plc now owns 11,918 shares of the exchange traded fund’s stock valued at $273,000 after buying an additional 1,908 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter valued at about $46,000.

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