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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $68.64, but opened at $70.22. ProShares Ultra Bloomberg Natural Gas shares last traded at $70.60, with a volume of 254,232 shares.

ProShares Ultra Bloomberg Natural Gas Stock Down 1.5 %

The company has a fifty day simple moving average of $52.14 and a two-hundred day simple moving average of $49.38.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.