Traders Purchase High Volume of Call Options on ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) saw some unusual options trading on Friday. Stock traders acquired 54,698 call options on the stock. This is an increase of 117% compared to the typical volume of 25,204 call options.

ProShares Ultra Bloomberg Natural Gas Trading Up 11.6%

Shares of NYSEARCA:BOIL opened at $19.85 on Friday. ProShares Ultra Bloomberg Natural Gas has a 1 year low of $15.20 and a 1 year high of $109.77. The firm’s 50-day moving average is $20.97 and its two-hundred day moving average is $26.95.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of large investors have recently modified their holdings of BOIL. FNY Investment Advisers LLC raised its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $30,000. Allworth Financial LP purchased a new stake in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth about $46,000. BNP Paribas Financial Markets raised its position 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 in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $74,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.