ProShares Ultra Bloomberg Natural Gas Stock to Reverse Split on Thursday, November 7th (NYSEARCA:BOIL)

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) are scheduled to reverse split on the morning of Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares Ultra Bloomberg Natural Gas Stock Up 7.7 %

Shares of NYSEARCA BOIL opened at $7.85 on Tuesday. The firm’s 50-day moving average is $9.42 and its 200-day moving average is $12.77. ProShares Ultra Bloomberg Natural Gas has a 1 year low of $7.17 and a 1 year high of $61.71.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently raised its position in ProShares Ultra Bloomberg Natural Gas stock. Kingswood Wealth Advisors LLC raised its stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 21.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,844 shares of the exchange traded fund’s stock after buying an additional 2,308 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in ProShares Ultra Bloomberg Natural Gas were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

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.