ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Up 22.5% in March

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 4,127,095 shares, an increase of 22.5% from the March 15th total of 3,369,499 shares. Currently, 16.7% of the company’s stock are short sold. Based on an average daily volume of 13,110,620 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Ultra Bloomberg Natural Gas Trading Up 1.9%

Shares of NYSEARCA BOIL traded up $0.26 during mid-day trading on Friday, reaching $13.74. 5,062,910 shares of the company’s stock were exchanged, compared to its average volume of 14,693,347. ProShares Ultra Bloomberg Natural Gas has a twelve month low of $12.90 and a twelve month high of $70.40. The business has a fifty day simple moving average of $17.05 and a 200 day simple moving average of $24.46.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BOIL. FNY Investment Advisers LLC grew its holdings 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 buying an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $30,000. Allworth Financial LP bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth about $46,000. BNP Paribas Financial Markets grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% during the third 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. Finally, EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $74,000.

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.