ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Share Price Pass Above Fifty Day Moving Average – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $27.13 and traded as high as $28.25. ProShares Ultra Bloomberg Natural Gas shares last traded at $28.12, with a volume of 2,828,451 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Up 4.1%

The firm has a fifty day simple moving average of $27.13 and a 200 day simple moving average of $36.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Group One Trading LLC increased its holdings in ProShares Ultra Bloomberg Natural Gas by 69.4% in the 3rd quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock valued at $1,885,000 after buying an additional 25,756 shares during the period. HighTower Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $1,336,000. Foundations Investment Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth about $1,981,000. IMC Chicago LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth about $997,000. Finally, SLT Holdings LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 4th quarter valued at about $1,978,000.

About ProShares Ultra Bloomberg Natural Gas

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.