ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report)’s share price traded up 5.6% during trading on Tuesday . The company traded as high as $28.28 and last traded at $28.3230. Approximately 1,686,350 shares were traded during mid-day trading, a decline of 73% from the average session volume of 6,171,812 shares. The stock had previously closed at $26.81.
ProShares Ultra Bloomberg Natural Gas Price Performance
The firm’s 50-day moving average is $27.17 and its 200 day moving average is $38.43.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundations Investment Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $1,981,000. SLT Holdings LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth $1,978,000. Simplex Trading LLC boosted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 2,202.9% in the fourth quarter. Simplex Trading LLC now owns 76,227 shares of the exchange traded fund’s stock valued at $1,746,000 after acquiring an additional 72,917 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $1,336,000. Finally, IMC Chicago LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth about $997,000.
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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.
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