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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $83.27, but opened at $89.12. ProShares Ultra Bloomberg Natural Gas shares last traded at $91.80, with a volume of 473,200 shares traded.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The company’s 50-day moving average is $58.88 and its 200 day moving average is $50.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EP Wealth Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at approximately $522,000. PVG Asset Management Corp purchased a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at $217,000. JPMorgan Chase & Co. bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter valued at $28,000. BNP Paribas Financial Markets purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth $153,000. Finally, Squarepoint Ops LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth $2,366,000.

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.