Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $49.39, but opened at $54.60. ProShares Ultra Bloomberg Natural Gas shares last traded at $54.18, with a volume of 951,648 shares traded.
ProShares Ultra Bloomberg Natural Gas Price Performance
The business’s 50-day simple moving average is $45.03 and its 200 day simple moving average is $50.01.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.
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