ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Time to Buy?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Tuesday . The stock had previously closed at $50.54, but opened at $52.12. ProShares Ultra Bloomberg Natural Gas shares last traded at $53.11, with a volume of 755,229 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The firm’s 50 day simple moving average is $43.05 and its 200-day simple moving average is $53.42.

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 acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

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.