ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 9.8% – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price rose 9.8% during trading on Thursday . The stock traded as high as $28.80 and last traded at $29.1090. Approximately 1,784,559 shares traded hands during trading, a decline of 72% from the average daily volume of 6,469,673 shares. The stock had previously closed at $26.52.

ProShares Ultra Bloomberg Natural Gas Trading Up 0.4%

The business’s fifty day moving average price is $28.42 and its two-hundred day moving average price is $42.32.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC raised its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $30,000. Allworth Financial LP purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $46,000. BNP Paribas Financial Markets increased its holdings in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd 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 during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth approximately $74,000.

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