ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Rises 5.1% Amid Trading Activity

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) saw a notable increase of 5.1% during mid-day trading on Friday. The stock reached a peak price of $50.70 before closing at $50.63. This trading session witnessed the exchange of 596,077 shares, reflecting a significant decline of 75% from the average daily volume of 2,428,623 shares. The previous closing price was $48.17.

Recent Performance Metrics

Over the past few months, the stock's fifty-day moving average is recorded at $43.41, while the 200-day moving average stands at $53.01. These metrics indicate fluctuations in the stock's performance, with the more immediate moving average showing recent strength compared to the longer-term average.

Institutional Transactions

In recent developments, an institutional investor has made a significant move by acquiring a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased 18,730 shares of the ETF during the third quarter, a transaction valued at approximately $217,000, according to the latest disclosures filed with the Securities & Exchange Commission.

About ProShares Ultra Bloomberg Natural Gas

ProShares Ultra Bloomberg Natural Gas (BOIL) operates as an exchange-traded fund designed to provide investment results that correspond to double the daily return of the Bloomberg Natural Gas Subindex. This index measures the performance of publicly traded natural gas futures contracts, offering investors opportunities to gain exposure in the natural gas market.

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ProShares, Natural, Gas