ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Update

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,958,283 shares, a decline of 51.5% from the May 14th total of 6,098,136 shares. Based on an average daily trading volume, of 5,016,508 shares, the short-interest ratio is presently 0.6 days. Approximately 16.4% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently modified their holdings of BOIL. Foundations Investment Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth approximately $1,981,000. SLT Holdings LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth approximately $1,978,000. Simplex Trading LLC boosted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 2,202.9% in the 4th quarter. Simplex Trading LLC now owns 76,227 shares of the exchange traded fund’s stock worth $1,746,000 after buying an additional 72,917 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth approximately $1,336,000. Finally, IMC Chicago LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth approximately $997,000.

ProShares Ultra Bloomberg Natural Gas Price Performance

Shares of NYSEARCA BOIL traded up $0.65 during midday trading on Friday, reaching $26.76. The company’s stock had a trading volume of 2,591,430 shares, compared to its average volume of 6,241,512. ProShares Ultra Bloomberg Natural Gas has a 12-month low of $24.14 and a 12-month high of $127.36. The firm has a 50 day moving average price of $27.33 and a 200-day moving average price of $39.43.

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.