ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report)’s stock price traded up 7% on Thursday . The stock traded as high as $53.00 and last traded at $52.15. 936,564 shares changed hands during trading, a decline of 59% from the average session volume of 2,283,248 shares. The stock had previously closed at $48.74.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The company’s 50-day moving average price is $46.01 and its two-hundred day moving average price is $61.34.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth approximately $522,000. Kingswood Wealth Advisors LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock worth $201,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% in the first quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock worth $9,124,000 after purchasing an additional 140,485 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.
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