ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 7.3% Higher – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report)’s share price shot up 7.3% during mid-day trading on Wednesday . The stock traded as high as $67.22 and last traded at $67.68. 2,019,966 shares were traded during trading, a decline of 51% from the average session volume of 4,111,820 shares. The stock had previously closed at $63.08.

ProShares Ultra Bloomberg Natural Gas Trading Down 1.5 %

The firm’s fifty day moving average is $52.14 and its 200-day moving average is $49.38.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp bought a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

(Get Free Report)

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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