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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped up before the market opened on Wednesday . The stock had previously closed at $52.71, but opened at $55.49. ProShares Ultra Bloomberg Natural Gas shares last traded at $54.34, with a volume of 618,047 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Stock Down 7.5 %

The business’s 50 day moving average is $52.80 and its 200-day moving average is $49.17.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent quarter.

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.