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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped up before the market opened on Monday . The stock had previously closed at $36.03, but opened at $41.40. ProShares Ultra Bloomberg Natural Gas shares last traded at $42.00, with a volume of 1,917,490 shares traded.

ProShares Ultra Bloomberg Natural Gas Trading Down 0.7 %

The firm has a 50-day moving average of $46.29 and a two-hundred day moving average of $62.38.

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 grew its stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 21.9% in the 2nd quarter, according to the company in its most recent disclosure 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 period. 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.

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.