ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 3.6%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price rose 3.6% on Tuesday . The stock traded as high as $58.98 and last traded at $58.44. Approximately 2,022,874 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 3,377,815 shares. The stock had previously closed at $56.40.

ProShares Ultra Bloomberg Natural Gas Trading Up 3.8 %

The firm has a fifty day simple moving average of $61.93 and a 200-day simple moving average of $837.37.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 1,319.0% during the first quarter. Jane Street Group LLC now owns 19,079,910 shares of the exchange traded fund’s stock worth $68,878,000 after purchasing an additional 17,735,327 shares during the last quarter. Axim Planning & Wealth acquired a new position in ProShares Ultra Bloomberg Natural Gas in the first quarter valued at approximately $11,295,000. Jump Financial LLC lifted its stake in ProShares Ultra Bloomberg Natural Gas by 402.4% in the first quarter. Jump Financial LLC now owns 586,810 shares of the exchange traded fund’s stock valued at $2,118,000 after buying an additional 470,010 shares during the period. Centric Wealth Management lifted its stake in ProShares Ultra Bloomberg Natural Gas by 404.0% in the first quarter. Centric Wealth Management now owns 503,967 shares of the exchange traded fund’s stock valued at $1,819,000 after buying an additional 403,967 shares during the period. Finally, Bank of America Corp DE lifted its stake in ProShares Ultra Bloomberg Natural Gas by 1,018.8% in the fourth quarter. Bank of America Corp DE now owns 218,622 shares of the exchange traded fund’s stock valued at $3,887,000 after buying an additional 199,081 shares during the 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.