ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Pass Above 50 Day Moving Average – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $65.49 and traded as high as $91.29. ProShares Ultra Bloomberg Natural Gas shares last traded at $90.08, with a volume of 3,092,973 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm has a 50 day simple moving average of $65.49 and a 200-day simple moving average of $52.60.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently bought and sold shares of BOIL. JPMorgan Chase & Co. bought a new stake in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $28,000. BNP Paribas Financial Markets bought a new stake in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $153,000. PVG Asset Management Corp bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth approximately $217,000. EP Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth approximately $522,000. Finally, Squarepoint Ops LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth approximately $2,366,000.

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.