ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 7.1% Higher – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) were up 7.1% during trading on Thursday . The company traded as high as $33.31 and last traded at $32.5840. Approximately 14,826,707 shares traded hands during trading, a decline of 21% from the average daily volume of 18,865,518 shares. The stock had previously closed at $30.43.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock’s 50 day moving average is $27.07 and its 200 day moving average is $30.12.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of large investors have recently modified their holdings of the company. FNY Investment Advisers LLC lifted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after acquiring an additional 701 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $30,000. Thrive Wealth Management LLC boosted its position in shares of ProShares Ultra Bloomberg Natural Gas by 29.9% in the 4th quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 2,300 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $74,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.