ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Should You Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $68.64, but opened at $70.22. ProShares Ultra Bloomberg Natural Gas shares last traded at $70.60, with a volume of 254,232 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock has a 50-day moving average of $51.08 and a 200-day moving average of $49.26.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned approximately 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent SEC filing.

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.