ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading 7.3% Higher – Time to Buy?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) traded up 7.3% on Wednesday . The company traded as high as $67.22 and last traded at $67.68. 2,019,966 shares traded hands during trading, a decline of 51% from the average session volume of 4,111,820 shares. The stock had previously closed at $63.08.

ProShares Ultra Bloomberg Natural Gas Trading Up 8.8 %

The stock has a fifty day moving average of $50.58 and a two-hundred day moving average of $49.12.

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 acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC.

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.