ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 10.5% – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price traded up 10.5% during trading on Friday . The stock traded as high as $46.58 and last traded at $46.56. 1,127,181 shares changed hands during trading, a decline of 51% from the average session volume of 2,321,569 shares. The stock had previously closed at $42.15.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50-day moving average price is $45.97 and its 200 day moving average price is $60.17.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,308 shares during the last quarter. PVG Asset Management Corp acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $217,000. EP Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $522,000. Finally, Jane Street Group LLC increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% in 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 last quarter.

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.