ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 14.9% Higher – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price rose 14.9% on Wednesday . The stock traded as high as $27.18 and last traded at $25.7910. Approximately 9,635,964 shares were traded during trading, a decline of 36% from the average daily volume of 15,046,694 shares. The stock had previously closed at $22.44.

ProShares Ultra Bloomberg Natural Gas Price Performance

The business’s fifty day simple moving average is $27.67 and its two-hundred day simple moving average is $30.63.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOIL. FNY Investment Advisers LLC increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% during 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth about $30,000. BNP Paribas Financial Markets increased its stake in ProShares Ultra Bloomberg Natural Gas by 52.9% during 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 in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter valued at approximately $74,000. Finally, Archford Capital Strategies LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth approximately $202,000.

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