ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 11.9% Higher – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price were up 11.9% during trading on Friday . The stock traded as high as $44.78 and last traded at $44.8880. Approximately 2,689,651 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 4,448,029 shares. The stock had previously closed at $40.11.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock has a 50-day moving average of $31.89 and a 200 day moving average of $37.57.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in 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 valued at $61,000 after purchasing an additional 701 shares during the last quarter. Headlands Technologies LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the first quarter valued at approximately $85,000. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter worth approximately $74,000. Finally, HUB Investment Partners LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas during the second quarter worth $324,000.

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.