Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $49.39, but opened at $54.60. ProShares Ultra Bloomberg Natural Gas shares last traded at $54.18, with a volume of 951,648 shares changing hands.
ProShares Ultra Bloomberg Natural Gas Price Performance
The company’s 50-day simple moving average is $44.52 and its 200 day simple moving average is $50.55.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas
A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 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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