ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $16.75, but opened at $17.86. ProShares Ultra Bloomberg Natural Gas shares last traded at $18.4170, with a volume of 6,385,176 shares.

ProShares Ultra Bloomberg Natural Gas Trading Up 10.8%

The company’s fifty day moving average is $19.72 and its 200-day moving average is $27.52.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently raised its stake in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC grew its stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 15.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,680 shares of the exchange traded fund’s stock after buying an additional 6,092 shares during the quarter. Group One Trading LLC owned 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 as of its most recent SEC filing.

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.