ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 6.7%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price were up 6.7% during mid-day trading on Monday . The company traded as high as $14.08 and last traded at $14.08. Approximately 6,850,895 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 10,952,508 shares. The stock had previously closed at $13.19.

ProShares Ultra Bloomberg Natural Gas Price Performance

The business’s 50-day moving average price is $14.64 and its 200 day moving average price is $29.64.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 84.3% in the 1st quarter. Sunbelt Securities Inc. now owns 2,707 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,238 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the first quarter valued at approximately $135,000. Traynor Capital Management Inc. bought a new stake in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at approximately $166,000. Pineridge Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at approximately $1,176,000. Finally, Advisory Services Network LLC grew its stake in ProShares Ultra Bloomberg Natural Gas by 20.6% in the 4th quarter. Advisory Services Network LLC now owns 8,238 shares of the exchange traded fund’s stock worth $234,000 after buying an additional 1,406 shares in the last quarter.

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.