ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,488,399 shares, a growth of 95.9% from the September 15th total of 2,801,571 shares. Approximately 29.1% of the company’s shares are sold short. Based on an average daily volume of 7,992,356 shares, the short-interest ratio is currently 0.7 days.
Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas
A hedge fund recently raised its position in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC raised its stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) by 15.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,680 shares of the exchange traded fund’s stock after buying an additional 6,092 shares during the period. Group One Trading LLC owned about 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 as of its most recent SEC filing.
ProShares Ultra Bloomberg Natural Gas Stock Performance
NYSEARCA BOIL traded down $0.34 on Wednesday, reaching $22.65. The company had a trading volume of 6,916,920 shares, compared to its average volume of 5,750,379. ProShares Ultra Bloomberg Natural Gas has a fifty-two week low of $18.31 and a fifty-two week high of $93.70. The business has a 50 day moving average of $20.29 and a two-hundred day moving average of $24.28.
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.
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