ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 4.3% Higher – Should You Buy?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shot up 4.3% on Thursday . The stock traded as high as $46.95 and last traded at $46.33. 3,520,029 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 2,406,264 shares. The stock had previously closed at $44.44.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50-day moving average price is $42.79 and its two-hundred day moving average price is $56.05.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned about 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent quarter.

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.