Short Interest in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Decreases By 16.1%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 2,962,385 shares, a drop of 16.1% from the January 29th total of 3,532,722 shares. Approximately 28.8% of the shares of the company are short sold. Based on an average daily volume of 12,303,708 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 12,303,708 shares, the days-to-cover ratio is currently 0.2 days. Approximately 28.8% of the shares of the company are short sold.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC lifted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 386.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock worth $4,251,000 after acquiring an additional 73,304 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 4th quarter valued at $1,981,000. SLT Holdings LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth about $1,978,000. Simplex Trading LLC grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 2,202.9% in the fourth quarter. Simplex Trading LLC now owns 76,227 shares of the exchange traded fund’s stock worth $1,746,000 after purchasing an additional 72,917 shares during the last quarter. Finally, Group One Trading LLC lifted its stake in ProShares Ultra Bloomberg Natural Gas by 69.4% in the third quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock worth $1,885,000 after acquiring an additional 25,756 shares during the period.

ProShares Ultra Bloomberg Natural Gas Stock Down 8.4%

ProShares Ultra Bloomberg Natural Gas stock traded down $1.57 during mid-day trading on Wednesday, reaching $17.02. The company’s stock had a trading volume of 12,228,096 shares, compared to its average volume of 15,743,502. ProShares Ultra Bloomberg Natural Gas has a 12-month low of $15.20 and a 12-month high of $109.77. The firm’s fifty day moving average price is $21.34 and its two-hundred day moving average price is $27.16.

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.