ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Update

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 2,366,391 shares, an increase of 41.4% from the December 31st total of 1,673,681 shares. Based on an average daily trading volume, of 14,332,359 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.4% of the shares of the stock are short sold. Approximately 12.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,332,359 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra Bloomberg Natural Gas Trading Up 24.7%

NYSEARCA:BOIL opened at $40.67 on Friday. ProShares Ultra Bloomberg Natural Gas has a 1 year low of $15.20 and a 1 year high of $109.77. The stock has a fifty day moving average price of $27.07 and a two-hundred day moving average price of $30.00.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC increased its holdings in ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 701 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $30,000. Thrive Wealth Management LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas by 29.9% during the fourth quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 2,300 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $74,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.