ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Up 39.4% in December

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,294,456 shares, an increase of 39.4% from the November 30th total of 1,646,001 shares. Based on an average daily volume of 9,720,678 shares, the short-interest ratio is currently 0.2 days. Currently, 11.8% of the shares of the stock are sold short. Currently, 11.8% of the shares of the stock are sold short. Based on an average daily volume of 9,720,678 shares, the short-interest ratio is currently 0.2 days.

ProShares Ultra Bloomberg Natural Gas Trading Down 11.7%

BOIL stock traded down $3.03 during trading on Wednesday, hitting $22.90. The stock had a trading volume of 10,786,305 shares, compared to its average volume of 4,864,285. ProShares Ultra Bloomberg Natural Gas has a twelve month low of $21.03 and a twelve month high of $109.77. The company’s 50-day moving average price is $31.19 and its two-hundred day moving average price is $34.21.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 386.9% in the second quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after purchasing an additional 73,304 shares during the period. HighTower Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $1,336,000. Tejara Capital Ltd acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter valued at about $1,751,000. Group One Trading LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the second quarter valued at about $1,709,000. Finally, Simplex Trading LLC raised its stake in shares of ProShares Ultra Bloomberg Natural Gas by 8,623.8% in the 2nd quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock valued at $1,081,000 after acquiring an additional 23,198 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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.