ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $20.29 and traded as high as $21.68. ProShares Ultra Bloomberg Natural Gas shares last traded at $21.64, with a volume of 9,217,983 shares trading hands.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The business has a 50-day moving average price of $20.27 and a two-hundred day moving average price of $25.78.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BOIL. Group One Trading LLC grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 15.8% during the 1st quarter. Group One Trading LLC now owns 44,680 shares of the exchange traded fund’s stock worth $720,000 after buying an additional 6,092 shares during the period. Corigliano Investment Advisers LLC lifted its holdings in 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 valued at $953,000 after buying an additional 12,600 shares during the period. Foundations Investment Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $1,981,000. Finally, Allworth Financial LP bought a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $46,000.
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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