ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Still a Buy?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up prior to trading on Wednesday . The stock had previously closed at $41.17, but opened at $43.26. ProShares Ultra Bloomberg Natural Gas shares last traded at $43.90, with a volume of 915,342 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Up 8.3 %

The firm’s 50-day moving average price is $43.59 and its 200 day moving average price is $56.57.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned about 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent SEC filing.

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.