Short Interest in ProShares Ultra Bloomberg Natural Gas (BOIL) Declines By 58.3%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 650,150 shares, a decrease of 58.3% from the January 12th total of 1,560,630 shares. Based on an average daily trading volume, of 1,227,415 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra Bloomberg Natural Gas (BOIL) opened at $5.26 on Thursday. ProShares Ultra Bloomberg Natural Gas has a 52-week low of $5.04 and a 52-week high of $13.42.

Hedge funds have recently bought and sold shares of the company. Simplex Trading LLC boosted its position in shares of ProShares Ultra Bloomberg Natural Gas by 370.0% during the fourth quarter. Simplex Trading LLC now owns 25,367 shares of the exchange traded fund’s stock worth $164,000 after buying an additional 19,970 shares during the period. Virtu KCG Holdings LLC boosted its position in shares of ProShares Ultra Bloomberg Natural Gas by 22.5% during the second quarter. Virtu KCG Holdings LLC now owns 34,500 shares of the exchange traded fund’s stock worth $336,000 after buying an additional 6,334 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth about $1,019,000.

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