Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $50.54, but opened at $52.12. ProShares Ultra Bloomberg Natural Gas shares last traded at $53.11, with a volume of 755,229 shares.
ProShares Ultra Bloomberg Natural Gas Trading Up 5.4 %
The stock has a 50-day simple moving average of $43.05 and a 200 day simple moving average of $53.42.
Hedge Funds Weigh In On 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 stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.
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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