Short Interest in ProShares Ultra Bloomberg Natural Gas (BOIL) Declines By 31.6%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,184,797 shares, a drop of 31.6% from the October 31st total of 1,733,299 shares. Based on an average daily trading volume, of 592,351 shares, the short-interest ratio is presently 2.0 days.

Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its position in ProShares Ultra Bloomberg Natural Gas by 662.1% during the 2nd quarter. IFP Advisors Inc now owns 25,150 shares of the exchange traded fund’s stock worth $245,000 after purchasing an additional 21,850 shares during the period. Virtu KCG Holdings LLC boosted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 22.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 34,500 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 6,334 shares in the last quarter. Finally, Jump Trading LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth about $111,000.

ProShares Ultra Bloomberg Natural Gas (NYSEARCA BOIL) opened at $7.24 on Friday. ProShares Ultra Bloomberg Natural Gas has a one year low of $6.64 and a one year high of $20.34.

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