ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 7.4% – Time to Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price traded up 7.4% on Monday . The stock traded as high as $62.36 and last traded at $64.30. 467,000 shares were traded during trading, a decline of 87% from the average session volume of 3,495,248 shares. The stock had previously closed at $59.84.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50 day moving average is $55.44 and its two-hundred day moving average is $49.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at $28,000. PVG Asset Management Corp acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $217,000. Finally, EP Wealth Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at about $522,000.

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.