ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 5.1% Higher – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) rose 5.1% on Friday . The stock traded as high as $50.70 and last traded at $50.63. Approximately 596,077 shares traded hands during trading, a decline of 75% from the average daily volume of 2,428,623 shares. The stock had previously closed at $48.17.

ProShares Ultra Bloomberg Natural Gas Stock Up 5.9 %

The business has a 50 day simple moving average of $43.41 and a 200-day simple moving average of $53.01.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.