ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Time to Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up prior to trading on Tuesday . The stock had previously closed at $64.78, but opened at $68.04. ProShares Ultra Bloomberg Natural Gas shares last traded at $67.97, with a volume of 359,993 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Trading Up 6.3 %

The company’s 50-day simple moving average is $54.85 and its two-hundred day simple moving average is $49.42.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned approximately 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent SEC filing.

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.