ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 5.6% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price rose 5.6% during mid-day trading on Wednesday . The stock traded as high as $55.66 and last traded at $55.13. Approximately 773,092 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 3,420,030 shares. The stock had previously closed at $52.21.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm has a 50 day moving average of $45.77 and a 200-day moving average of $50.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

About ProShares Ultra Bloomberg Natural Gas

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.