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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $48.62, but opened at $50.06. ProShares Ultra Bloomberg Natural Gas shares last traded at $51.18, with a volume of 441,858 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The business’s 50 day moving average price is $46.14 and its 200-day moving average price is $60.42.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC raised its stake in ProShares Ultra Bloomberg Natural Gas by 21.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 2,308 shares during the period. PVG Asset Management Corp acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $217,000. EP Wealth Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $522,000. Finally, Jane Street Group LLC raised its stake in ProShares Ultra Bloomberg Natural Gas by 24.7% during the first quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock worth $9,124,000 after acquiring an additional 140,485 shares during the period.

About ProShares Ultra Bloomberg Natural Gas

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.