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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped up prior to trading on Friday . The stock had previously closed at $28.15, but opened at $29.35. ProShares Ultra Bloomberg Natural Gas shares last traded at $29.0840, with a volume of 859,740 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The business has a 50-day moving average of $27.16 and a 200 day moving average of $36.33.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several hedge funds have recently bought and sold shares of BOIL. Group One Trading LLC increased its stake in ProShares Ultra Bloomberg Natural Gas by 15.8% during the 1st quarter. Group One Trading LLC now owns 44,680 shares of the exchange traded fund’s stock valued at $720,000 after purchasing an additional 6,092 shares in the last quarter. Corigliano Investment Advisers LLC lifted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 43.4% in the fourth quarter. Corigliano Investment Advisers LLC now owns 41,600 shares of the exchange traded fund’s stock valued at $953,000 after buying an additional 12,600 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at about $162,000. HRT Financial LP grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 57.5% during the fourth quarter. HRT Financial LP now owns 33,001 shares of the exchange traded fund’s stock valued at $755,000 after buying an additional 12,045 shares during the last quarter. Finally, Marex Group plc increased its position in shares of ProShares Ultra Bloomberg Natural Gas by 19.1% during the fourth quarter. Marex Group plc now owns 11,918 shares of the exchange traded fund’s stock worth $273,000 after acquiring an additional 1,908 shares in the last quarter.

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.