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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $49.39, but opened at $54.60. ProShares Ultra Bloomberg Natural Gas shares last traded at $54.18, with a volume of 951,648 shares traded.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50 day moving average is $45.03 and its 200-day moving average is $50.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp bought a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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.

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