ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Up – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $50.54, but opened at $52.12. ProShares Ultra Bloomberg Natural Gas shares last traded at $53.11, with a volume of 755,229 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Trading Up 4.1 %

The company’s 50-day simple moving average is $42.64 and its two-hundred day simple moving average is $53.78.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC bought a new stake 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 and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

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.