ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.73 and traded as high as $10.38. ProShares Ultra Bloomberg Natural Gas shares last traded at $10.31, with a volume of 15,818,600 shares trading hands.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The business’s 50-day simple moving average is $9.73 and its two-hundred day simple moving average is $13.83.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 84.3% in the first quarter. Sunbelt Securities Inc. now owns 2,707 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 1,238 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the first quarter worth approximately $135,000. Traynor Capital Management Inc. purchased a new position in ProShares Ultra Bloomberg Natural Gas in the first quarter worth approximately $166,000. Advisory Services Network LLC lifted its stake in ProShares Ultra Bloomberg Natural Gas by 20.6% in the fourth quarter. Advisory Services Network LLC now owns 8,238 shares of the exchange traded fund’s stock worth $234,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Pineridge Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth approximately $1,176,000.
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.
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