ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Break Above 50-Day Moving Average – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $19.61 and traded as high as $19.96. ProShares Ultra Bloomberg Natural Gas shares last traded at $19.76, with a volume of 6,435,114 shares.

ProShares Ultra Bloomberg Natural Gas Trading Up 3.6%

The stock has a 50 day moving average of $19.61 and a 200-day moving average of $26.76.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC grew its stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,680 shares of the exchange traded fund’s stock after purchasing an additional 6,092 shares during the quarter. Group One Trading LLC owned approximately 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 at the end of the most recent 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.