ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Time to Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $25.19, but opened at $25.91. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.1490, with a volume of 1,113,653 shares.

ProShares Ultra Bloomberg Natural Gas Trading Up 5.1%

The company’s 50-day moving average is $31.35 and its two-hundred day moving average is $34.57.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Institutional investors and hedge funds have recently modified their holdings of the company. StoneX Group Inc. bought a new stake in ProShares Ultra Bloomberg Natural Gas during the second quarter valued at approximately $936,000. Flow Traders U.S. LLC boosted its holdings in ProShares Ultra Bloomberg Natural Gas by 386.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after acquiring an additional 73,304 shares during the period. Tejara Capital Ltd bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter worth approximately $1,751,000. Centric Wealth Management purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter valued at about $922,000. Finally, Everstar Asset Management LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the 1st quarter worth approximately $1,805,000.

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.