ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $27.26, but opened at $28.39. ProShares Ultra Bloomberg Natural Gas shares last traded at $28.6090, with a volume of 844,208 shares trading hands.
ProShares Ultra Bloomberg Natural Gas Price Performance
The business’s fifty day simple moving average is $27.40 and its 200 day simple moving average is $39.52.
Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas
A number of hedge funds have recently bought and sold shares of BOIL. Group One Trading LLC raised its position in shares of ProShares Ultra Bloomberg Natural Gas by 15.8% in 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 increased 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 worth $953,000 after buying an additional 12,600 shares during the last quarter. Royal Bank of Canada acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at $162,000. HRT Financial LP boosted its stake in ProShares Ultra Bloomberg Natural Gas by 57.5% during the 4th quarter. HRT Financial LP now owns 33,001 shares of the exchange traded fund’s stock valued at $755,000 after acquiring an additional 12,045 shares during the last quarter. Finally, Marex Group plc boosted its stake in ProShares Ultra Bloomberg Natural Gas by 19.1% during the 4th quarter. Marex Group plc now owns 11,918 shares of the exchange traded fund’s stock valued at $273,000 after acquiring an additional 1,908 shares during the last quarter.
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.
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