ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 3.3% Higher – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) traded up 3.3% on Friday . The company traded as high as $25.79 and last traded at $25.56. 2,206,846 shares were traded during mid-day trading, a decline of 43% from the average session volume of 3,867,739 shares. The stock had previously closed at $24.75.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock has a fifty day moving average price of $28.97 and a two-hundred day moving average price of $44.23.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the first quarter valued at $85,000. Flow Traders U.S. LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the first quarter valued at $1,625,000. Jump Financial LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the first quarter valued at $3,029,000. Everstar Asset Management LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the first quarter valued at $1,805,000. Finally, Simplex Trading LLC grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 8,623.8% in the second quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock valued at $1,081,000 after purchasing an additional 23,198 shares during the period.

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.