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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Wednesday . The stock had previously closed at $52.71, but opened at $55.49. ProShares Ultra Bloomberg Natural Gas shares last traded at $54.34, with a volume of 618,047 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Trading Up 4.7 %

The business’s 50-day simple moving average is $52.65 and its two-hundred day simple moving average is $49.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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.