ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Up 16.6% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price rose 16.6% during mid-day trading on Monday . The stock traded as high as $60.44 and last traded at $60.48. Approximately 1,018,537 shares traded hands during trading, a decline of 72% from the average daily volume of 3,583,746 shares. The stock had previously closed at $51.88.

ProShares Ultra Bloomberg Natural Gas Stock Down 6.6 %

The business’s 50-day moving average price is $53.31 and its 200-day moving average price is $49.20.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

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) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.