Short Interest in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Grows By 19.6%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 4,935,236 shares, a growth of 19.6% from the March 31st total of 4,127,095 shares. Based on an average daily trading volume, of 12,145,746 shares, the days-to-cover ratio is currently 0.4 days. Approximately 15.1% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds have recently modified their holdings of BOIL. Foundations Investment Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $1,981,000. SLT Holdings LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $1,978,000. Simplex Trading LLC raised its stake in ProShares Ultra Bloomberg Natural Gas by 2,202.9% during the fourth 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. Group One Trading LLC raised its stake in ProShares Ultra Bloomberg Natural Gas by 69.4% during the third quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock worth $1,885,000 after buying an additional 25,756 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $1,336,000.

ProShares Ultra Bloomberg Natural Gas Stock Up 2.6%

Shares of BOIL stock traded up $0.34 on Friday, reaching $13.30. The stock had a trading volume of 6,362,380 shares, compared to its average volume of 13,950,091. The firm’s 50-day moving average is $15.91 and its two-hundred day moving average is $23.26. ProShares Ultra Bloomberg Natural Gas has a 12 month low of $12.07 and a 12 month high of $70.40.

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.