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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped up before the market opened 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 Trading Down 7.5 %

The business’s 50 day moving average is $52.80 and its two-hundred day moving average is $49.17.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp bought a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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.