Investors Buy Large Volume of Call Options on ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of unusually large options trading on Wednesday. Stock investors bought 25,869 call options on the stock. This is an increase of 43% compared to the typical volume of 18,070 call options.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC increased its holdings in ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $30,000. BNP Paribas Financial Markets increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 701 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at $74,000. Finally, Archford Capital Strategies LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at about $202,000.

ProShares Ultra Bloomberg Natural Gas Trading Down 1.8%

ProShares Ultra Bloomberg Natural Gas stock traded down $0.29 on Friday, hitting $15.84. The company’s stock had a trading volume of 5,271,992 shares, compared to its average volume of 13,430,452. ProShares Ultra Bloomberg Natural Gas has a one year low of $15.20 and a one year high of $109.77. The company has a fifty day moving average price of $28.59 and a 200-day moving average price of $31.41.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.