ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Share Price Pass Above Fifty Day Moving Average – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $30.53 and traded as high as $34.60. ProShares Ultra Bloomberg Natural Gas shares last traded at $31.60, with a volume of 11,460,075 shares traded.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock’s 50 day moving average price is $30.53 and its 200-day moving average price is $48.53.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently modified their holdings of BOIL. Flow Traders U.S. LLC boosted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 386.9% in the second quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after purchasing an additional 73,304 shares during the period. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 1st quarter worth $6,947,000. Tejara Capital Ltd bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth $1,751,000. Group One Trading LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter valued at $1,709,000. Finally, Jump Financial LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the first quarter worth about $3,029,000.

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.