ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Tuesday . The stock had previously closed at $64.78, but opened at $68.04. ProShares Ultra Bloomberg Natural Gas shares last traded at $67.97, with a volume of 359,993 shares traded.

ProShares Ultra Bloomberg Natural Gas Trading Up 2.0 %

The company has a fifty day moving average of $56.04 and a 200-day moving average of $49.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EP Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas in the third quarter worth $522,000. PVG Asset Management Corp purchased a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $217,000. Finally, JPMorgan Chase & Co. bought a new stake in ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth about $28,000.

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.