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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) 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 changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Down 1.5 %

The stock’s 50-day moving average price is $52.14 and its 200 day moving average price is $49.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned about 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent reporting period.

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.