ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 10.5% Higher – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price traded up 10.5% during trading on Friday . The stock traded as high as $46.58 and last traded at $46.56. 1,127,181 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 2,321,569 shares. The stock had previously closed at $42.15.

ProShares Ultra Bloomberg Natural Gas Stock Up 8.9 %

The firm’s 50-day moving average is $45.86 and its 200 day moving average is $59.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOIL. Jane Street Group LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 24.7% in the 1st quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock valued at $9,124,000 after purchasing an additional 140,485 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $522,000. PVG Asset Management Corp purchased a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $217,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 21.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 2,308 shares in the last quarter.

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.