ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Up 4.3% – Still a Buy?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price rose 4.3% during trading on Thursday . The stock traded as high as $46.33 and last traded at $45.98. Approximately 1,000,673 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 2,418,024 shares. The stock had previously closed at $44.07.

ProShares Ultra Bloomberg Natural Gas Stock Up 4.5 %

The firm has a 50 day moving average price of $42.49 and a 200-day moving average price of $54.58.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 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.