ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) saw some unusual options trading activity on Friday. Stock investors bought 54,698 call options on the stock. This represents an increase of approximately 117% compared to the typical volume of 25,204 call options.
ProShares Ultra Bloomberg Natural Gas Stock Performance
NYSEARCA:BOIL opened at $19.85 on Friday. The stock’s fifty day simple moving average is $20.97 and its 200-day simple moving average is $26.94. ProShares Ultra Bloomberg Natural Gas has a 12-month low of $15.20 and a 12-month high of $109.77.
Institutional Trading of ProShares Ultra Bloomberg Natural Gas
Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $30,000. Allworth Financial LP bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth $46,000. BNP Paribas Financial Markets increased its holdings in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 701 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth about $74,000.
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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.
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