ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Up 11.9% – Time to Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price traded up 11.9% during trading on Friday . The stock traded as high as $44.78 and last traded at $44.8880. 2,689,651 shares were traded during trading, a decline of 40% from the average session volume of 4,448,029 shares. The stock had previously closed at $40.11.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock has a 50 day moving average price of $31.56 and a two-hundred day moving average price of $37.74.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors have recently modified their holdings of BOIL. Headlands Technologies LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 1st quarter valued at approximately $85,000. Flow Traders U.S. LLC bought a new position in ProShares Ultra Bloomberg Natural Gas in the first quarter valued at approximately $1,625,000. Jump Financial LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the first quarter worth $3,029,000. Everstar Asset Management LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the first quarter worth $1,805,000. Finally, Simplex Trading LLC raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 8,623.8% during the second quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock worth $1,081,000 after acquiring an additional 23,198 shares during the period.

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.