ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Time to Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $33.39, but opened at $35.29. ProShares Ultra Bloomberg Natural Gas shares last traded at $35.1640, with a volume of 1,463,572 shares traded.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50-day moving average price is $29.81 and its 200-day moving average price is $39.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the first quarter worth approximately $85,000. BNP Paribas Financial Markets grew its position in ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 701 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $74,000. HUB Investment Partners LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at $324,000. Finally, Thrive Wealth Management LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at $231,000.

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.