Short Interest in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Decreases By 27.1%

by · The Markets Daily

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,673,681 shares, a drop of 27.1% from the December 15th total of 2,294,456 shares. Based on an average daily volume of 9,717,996 shares, the short-interest ratio is currently 0.2 days. Approximately 5.4% of the company’s stock are sold short. Approximately 5.4% of the company’s stock are sold short. Based on an average daily volume of 9,717,996 shares, the short-interest ratio is currently 0.2 days.

ProShares Ultra Bloomberg Natural Gas Stock Performance

Shares of BOIL traded up $0.29 during mid-day trading on Friday, reaching $16.42. The company had a trading volume of 11,445,514 shares, compared to its average volume of 14,067,639. The firm has a 50-day moving average price of $28.26 and a 200 day moving average price of $31.11. ProShares Ultra Bloomberg Natural Gas has a 52 week low of $15.20 and a 52 week high of $109.77.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter worth about $202,000. Thrive Wealth Management LLC lifted its position in ProShares Ultra Bloomberg Natural Gas by 29.9% in the 4th quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock valued at $229,000 after acquiring an additional 2,300 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth $30,000. Finally, BNP Paribas Financial Markets boosted its position in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% during the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 701 shares during the last quarter.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.

Recommended Stories