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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $25.10, but opened at $26.16. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.1760, with a volume of 1,442,407 shares traded.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm’s fifty day moving average price is $31.60 and its 200-day moving average price is $36.12.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several large investors have recently modified their holdings of the business. Flow Traders U.S. LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 1st quarter valued at about $1,625,000. Jump Financial LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the 1st quarter worth approximately $3,029,000. Everstar Asset Management LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the 1st quarter worth approximately $1,805,000. Simplex Trading LLC lifted its stake in ProShares Ultra Bloomberg Natural Gas by 8,623.8% in the second quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock valued at $1,081,000 after buying an additional 23,198 shares in the last quarter. Finally, Centric Wealth Management acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter valued at approximately $922,000.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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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