ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,555,265 shares, a decrease of 35.2% from the September 30th total of 5,488,399 shares. Currently, 19.2% of the shares of the stock are sold short. Based on an average daily volume of 6,631,312 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas
A hedge fund recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) by 15.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 44,680 shares of the exchange traded fund’s stock after acquiring 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
Shares of ProShares Ultra Bloomberg Natural Gas stock opened at $16.11 on Monday. The company’s 50 day moving average price is $20.06 and its two-hundred day moving average price is $28.00. ProShares Ultra Bloomberg Natural Gas has a fifty-two week low of $15.66 and a fifty-two week high of $93.70.
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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