ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 4.3% – Here’s Why

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) traded up 4.3% on Thursday . The stock traded as high as $46.33 and last traded at $45.98. 1,000,673 shares were traded during trading, a decline of 59% from the average session volume of 2,418,024 shares. The stock had previously closed at $44.07.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50-day simple moving average is $42.49 and its two-hundred day simple moving average is $54.58.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.