ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 10.5% – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price rose 10.5% during trading on Tuesday . The company traded as high as $80.43 and last traded at $81.86. Approximately 1,791,106 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 3,393,306 shares. The stock had previously closed at $74.05.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock has a 50-day moving average price of $58.88 and a 200 day moving average price of $50.53.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $522,000. Squarepoint Ops LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth about $2,366,000. PVG Asset Management Corp purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $217,000. BNP Paribas Financial Markets purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth about $153,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth about $28,000.

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.