ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Up 16.6% – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price rose 16.6% during mid-day trading on Monday . The stock traded as high as $60.44 and last traded at $60.48. Approximately 1,018,537 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 3,583,746 shares. The stock had previously closed at $51.88.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company has a fifty day simple moving average of $52.92 and a two-hundred day simple moving average of $49.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent filing with the Securities and Exchange Commission (SEC).

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.