ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sees Large Volume Increase – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares saw unusually-high trading volume on Wednesday . Approximately 1,256,294 shares were traded during trading, a decline of 46% from the previous session’s volume of 2,313,052 shares.The stock last traded at $44.00 and had previously closed at $50.49.

ProShares Ultra Bloomberg Natural Gas Stock Down 15.4 %

The stock has a 50 day moving average price of $46.14 and a 200 day moving average price of $60.42.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in ProShares Ultra Bloomberg Natural Gas by 24.7% during the 1st 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. EP Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $522,000. PVG Asset Management Corp acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at $217,000. Finally, Kingswood Wealth Advisors LLC raised its position in 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 worth $201,000 after purchasing an additional 2,308 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.