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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Wednesday . The stock had previously closed at $25.10, but opened at $26.16. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.1760, with a volume of 1,442,407 shares.

ProShares Ultra Bloomberg Natural Gas Stock Up 4.8%

The stock’s fifty day moving average price is $31.77 and its two-hundred day moving average price is $36.27.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently added to or reduced their stakes in the business. StoneX Group Inc. bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at about $936,000. Flow Traders U.S. LLC grew its position in ProShares Ultra Bloomberg Natural Gas by 386.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock worth $4,251,000 after acquiring an additional 73,304 shares during the last quarter. Tejara Capital Ltd purchased a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter worth approximately $1,751,000. Centric Wealth Management bought a new stake in ProShares Ultra Bloomberg Natural Gas in the second quarter valued at approximately $922,000. Finally, Jump Financial LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas in the first quarter valued at approximately $3,029,000.

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.