ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Up 5.1% – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) traded up 5.1% during mid-day trading on Friday . The stock traded as high as $50.70 and last traded at $50.63. 596,077 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 2,428,623 shares. The stock had previously closed at $48.17.

ProShares Ultra Bloomberg Natural Gas Stock Up 5.9 %

The stock’s fifty day moving average is $43.41 and its 200-day moving average is $53.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp bought a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.