ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $51.00, but opened at $62.15. ProShares Ultra Bloomberg Natural Gas shares last traded at $62.52, with a volume of 2,513,853 shares traded.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock has a 50-day moving average price of $43.41 and a 200 day moving average price of $52.14.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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.

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