ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $52.71, but opened at $55.49. ProShares Ultra Bloomberg Natural Gas shares last traded at $54.34, with a volume of 618,047 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm’s 50-day moving average is $52.65 and its 200 day moving average is $49.10.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.