ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Short Interest Up 49.3% in January

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,532,722 shares, an increase of 49.3% from the January 15th total of 2,366,391 shares. Approximately 34.4% of the shares of the stock are short sold. Based on an average trading volume of 23,535,592 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 23,535,592 shares, the short-interest ratio is presently 0.2 days. Approximately 34.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOIL. FNY Investment Advisers LLC boosted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth $30,000. Allworth Financial LP acquired a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at $46,000. BNP Paribas Financial Markets grew its position in ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after acquiring an additional 701 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $74,000.

ProShares Ultra Bloomberg Natural Gas Stock Performance

BOIL stock traded down $0.04 during midday trading on Friday, hitting $18.97. 6,718,535 shares of the stock were exchanged, compared to its average volume of 16,722,439. ProShares Ultra Bloomberg Natural Gas has a fifty-two week low of $15.20 and a fifty-two week high of $109.77. The stock’s 50-day moving average price is $23.82 and its 200-day moving average price is $28.52.

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.