ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $48.62, but opened at $50.06. ProShares Ultra Bloomberg Natural Gas shares last traded at $51.18, with a volume of 441,858 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Up 5.8 %

The company has a 50-day moving average price of $46.06 and a 200 day moving average price of $60.84.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC lifted its position in ProShares Ultra Bloomberg Natural Gas by 21.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 2,308 shares in the last quarter. PVG Asset Management Corp purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $217,000. EP Wealth Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $522,000. Finally, Jane Street Group LLC grew its stake in 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 valued at $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.