ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 5.6% – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) were up 5.6% during trading on Wednesday . The company traded as high as $55.66 and last traded at $55.13. Approximately 773,092 shares were traded during trading, a decline of 77% from the average daily volume of 3,420,030 shares. The stock had previously closed at $52.21.

ProShares Ultra Bloomberg Natural Gas Trading Up 8.9 %

The company has a fifty day moving average price of $45.03 and a two-hundred day moving average price of $50.01.

Institutional Inflows and Outflows

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