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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up prior to trading on Wednesday . The stock had previously closed at $83.27, but opened at $89.12. ProShares Ultra Bloomberg Natural Gas shares last traded at $91.80, with a volume of 473,200 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s fifty day moving average price is $60.77 and its 200-day moving average price is $51.11.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Hedge funds and other institutional investors have recently modified their holdings of the company. EP Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at approximately $522,000. Squarepoint Ops LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth $2,366,000. PVG Asset Management Corp bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at $217,000. BNP Paribas Financial Markets purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth $153,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter worth $28,000.

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.