BOIL - ProShares Ultra Bloomberg Natural Gas
| Previous Close | 22.93 |
| Open | 22.18 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 1000 |
| Day's Range | 21.92 - 22.18 |
| 52 Week Range | 19.53 - 73.68 |
| Volume | 76,072 |
| Avg. Volume | 156,252 |
| Net Assets | 32.74M |
| NAV | 21.97 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | -13.11% |
| Beta (3Y Monthly) | 0.64 |
| Expense Ratio (net) | 1.31% |
| Inception Date | 2011-10-04 |
- Market Realist•4 days ago
Where Natural Gas Prices Could Head This Week
Where Natural Gas Prices Could Head This WeekNatural gas’s implied volatility Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average. Since February, natural gas’s implied volatility and prices have
- Market Realist•29 days ago
Where Natural Gas Prices Could End Up in the Next Week
Where Natural Gas Prices Could End Up in the Next WeekNatural gas’s implied volatilityOn February 21, natural gas’s implied volatility was 22.2%, ~18.4% below its 15-day moving average. In the trailing week, natural gas’s implied volatility
- Market Realist•last month
Where Will Natural Gas Close Next Week?
Where Will Natural Gas Close Next Week?Natural gas’s implied volatility On February 7, natural gas’s implied volatility was 26.7%, which was ~41.3% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell
- Market Realist•last month
Futures Spread: Natural Gas’s Bearish Concerns
Will Natural Gas Rise from Almost a Ten-Month Low?(Continued from Prior Part)Futures spread On February 5, the natural gas futures for March 2019 closed at a discount of ~$0.22 to the March 2020 futures. On January 29, the futures spread was at
- Zacks•2 months ago
No Polar Vortex Bonanza for Natural Gas ETFs: Why?
Polar Vortex 2019 failed to heat up natural gas ETFs as supply situation is comfortable and weather forecast is not inclement.
Market Realist•2 months agoNatural Gas Fell, Impacted Natural Gas ETFs
Energy Sector: Key Highlights Last Week(Continued from Prior Part)Natural gas ETFsOn January 25–February 1, the United States Natural Gas ETF (UNG) fell 10.8%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 20.8%. These ETFs track
- Investopedia•2 months ago
Natural Gas ETFs & ETNs Find Support as Polar Vortex Sets In
Can a polar vortex freezing the Midwest warm up natural gas prices? Here the three trading ideas using natural gas ETFs and ETNs.
Market Realist•2 months agoFutures Spread: Are Bearish Sentiments Rising for Natural Gas?
Natural Gas Is Heading for More than a Four-Month Low(Continued from Prior Part)Futures spreadOn January 29, the natural gas futures for March 2019 closed at a discount of ~$0.07 to the March 2020 futures. On January 22, the futures spread was at a
- Market Realist•2 months ago
Comparing Natural Gas ETFs’ Performances to Natural Gas Prices
Your Energy Review for the Week Ended January 25(Continued from Prior Part)Natural gas ETFs Between January 18 and January 25, the United States Natural Gas ETF (UNG) fell 3.6%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 8.1%.
- Market Realist•2 months ago
Natural Gas Update and Key Price Levels Next Week
Natural Gas Update and Key Price Levels Next WeekNatural gas’s implied volatilityOn January 24, natural gas’s implied volatility was 56.5%, which was ~26.6% below its 15-day moving average. In the trailing week, natural gas’s implied
Market Realist•2 months agoFutures Spread: Bearish Sentiments Rise for Natural Gas
Natural Gas Prices: What Could Happen on January 24?(Continued from Prior Part)Futures spreadOn January 23, the natural gas futures for March 2019 closed at a discount of ~$0.01 to the March 2020 futures. On January 16, the futures spread was at
- Market Realist•2 months ago
Analyzing Natural Gas ETFs’ Performances Last Week
Your Energy Review for the Week Ended January 18(Continued from Prior Part)Natural gas ETFs Between January 11 and January 18, the United States Natural Gas ETF (UNG) rose 8.9%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 13.5%.
- Zacks•2 months ago
Natural Gas ETFs Jump on Colder-Than-Normal Weather Forecast
Natural gas price is rising and is poised to spike even further. Investors should tap this trend with lower risk using the ETFs.
Market Realist•2 months agoFutures Spread: Shifting Sentiments for Natural Gas Prices
Is the Sharp Rise in Natural Gas Sustainable?(Continued from Prior Part)Futures spreadOn January 15, the natural gas futures for February 2019 closed at a premium of ~$0.4 to the February 2020 futures. On January 8, the futures spread was at a
- ETF Trends•2 months ago
Natural Gas ETFs Burn Up on Expectations for a Long Cold Spell
Natural gas prices and related ETFs surged Monday on rising long-term expectations for heating demand across the Midwest and East as a cold front pushed across the U.S. The United States Natural Gas Fund ...
- Market Realist•2 months ago
Natural Gas ETFs Outperformed Natural Gas Last Week
Energy's Performance Last Week—and What's on the Agenda This Week (Continued from Prior Part) ## Natural gas ETFs Between January 4 and January 11, the United States Natural Gas ETF (UNG) rose 4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 5.9%. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL tracks daily changes in the Bloomberg Natural Gas Subindex. UNG has outperformed natural gas February futures, which have risen 1.8% in the past five trading sessions. Gains in natural gas prices can be positive for natural gas–weighted stocks. Range Resources (RRC), Southwestern Energy (SWN), Gulfport Energy (GPOR), and Chesapeake Energy (CHK), the strongest natural gas–weighted stocks, rose 7.6%, 11.5%, 11.6%, and 20.9%, respectively, last week. ## Long-term returns and the forward curve Between March 3, 2016, and January 11, 2019, natural gas active futures rose 89.1% from their 17-year low, while UNG and BOIL returned 12.7% and -38%, respectively. Since March 3, 2016, UNG and BOIL have delivered lower returns than natural gas active futures, possibly due to a negative roll yield. BOIL’s actual and expected returns could also be different due to daily price changes. As of January 11, natural gas futures for delivery between February and May 2019 closed in descending order, which could be a positive sign for these ETFs’ returns. Continue to Next Part Browse this series on Market Realist: * Part 1 - The China Factor Could Drag on Oil This Week * Part 2 - Oil’s Rise Wasn’t the Only Driver of Energy’s Score Last Week * Part 3 - These Upstream and Oilfield Stocks Outperformed Energy Last Week
- Market Realist•2 months ago
Natural Gas Futures Spread Is Showing Interesting Divergence
Will Natural Gas Stay above $3? (Continued from Prior Part) ## Futures spread On January 8, the natural gas futures for February 2019 closed at a discount of ~$0.07 to the February 2020 futures. On December 31, the futures spread was at a discount of $0.06. Between December 31 and January 8, the natural gas February futures rose 0.9%. ## Divergence The market sentiment toward natural gas’s demand-supply situation is reflected in the futures spread. The futures spread and natural gas prices tend to move in the same direction. In the trailing week, the futures spread discount expanded. However, natural gas prices rose nearly one percentage point. Usually, the expansion in the discount will be followed by a retreat in prices. The gain in prices could be because of the expectation of colder weather later this month, which we discussed in part one. In the previous part, we discussed that the negative difference between natural gas inventories and their five-year average contracted, a factor that might have pushed the discount higher. ## Energy stocks The natural gas February futures rose 0.9% in the trailing week. During this period, natural-gas-weighted stocks Range Resources (RRC), Chesapeake Energy (CHK), Gulfport Energy (GPOR), and Southwestern Energy (SWN) rose 14.9%, 16.7%, 17.1%, and 20.5%, respectively, and outperformed their peers. ## Forward curve As of January 8, the natural gas futures contracts for delivery between February and May 2019 were priced in descending order, which is a positive development for ETFs that follow natural gas futures including the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) and the United States Natural Gas ETF (UNG). Browse this series on Market Realist: * Part 1 - Will Natural Gas Stay above $3? * Part 2 - Steady Natural Gas Rig Count Might Be Trouble for Prices * Part 3 - Why EIA Data Might Not Satisfy Natural Gas Bulls
- Market Realist•2 months ago
Analyzing Natural Gas ETFs’ Performance Last Week
What Happened in the Energy Sector Last Week (Continued from Prior Part) ## Natural gas ETFs Between December 28 and January 4, the United States Natural Gas ETF (UNG) fell 8.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 17.4%. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL tracks daily changes in the Bloomberg Natural Gas Subindex. UNG has underperformed natural gas February futures, which have fallen 7.8% in the past four trading sessions. Lower natural gas prices could be negative for natural gas–weighted stocks. Cabot Oil & Gas (COG), Chesapeake Energy (CHK), Gulfport Energy (GPOR), and Southwestern Energy (SWN), the weakest natural gas–weighted stocks, rose 0.8%, 4.7%, 7.3%, and 10.5%, respectively, last week. All natural gas–weighted stocks rose. ## Long-term returns and forward curve Between March 3, 2016, and January 4, 2018, natural gas active futures rose 85.7% from their 17-year low, while UNG and BOIL returned 8.3% and -41.4%, respectively. Since March 3, 2016, UNG and BOIL have delivered lower returns than natural gas active futures, possibly due to a negative roll yield. BOIL’s actual and expected returns could also be different due to daily price changes. As of January 4, natural gas futures for delivery between February and May 2019 closed in descending order, which could be a positive sign for these ETFs’ returns. Continue to Next Part Browse this series on Market Realist: * Part 1 - What Goldman Sachs Thinks about Oil * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 3 - Last Week’s Top Energy Stocks
- Market Realist•3 months ago
What to Expect from Natural Gas Next Week
What to Expect from Natural Gas Next Week ## Natural gas’s implied volatility On January 3, natural gas’s implied volatility was 52.6%, which was ~26.6% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell 20.5%. Natural gas’s February futures fell 16.9% during the same period. Since June 2018, these two metrics have been moving in tandem. ## Natural gas prices and the weather forecast Based on natural gas’s implied volatility of 52.6% and assuming a normal distribution of prices, natural gas futures are expected to close between $2.75 and $3.14 per MMBtu 68.0% of the time until January 11. On January 3, natural gas February futures fell 0.4% to $2.945 per MMBtu. However, the weather forecast suggests colder weather after January 11, which might push natural gas to the upper limit of our price forecast. Today, the EIA reported a fall of 20 Bcf (billion cubic feet) in natural gas inventories for the week ended December 28. The fall was 27 Bcf less than Reuters’ analyst expectations. ## Impact on ETFs and stocks These price limits could be important for ETFs that follow natural gas futures. In the trailing week, the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 29%. Natural gas prices fell 16.9% during the same period. Natural-gas-weighted stocks Southwestern Energy (SWN), Cabot Oil & Gas (COG), Range Resources Corporation (RRC), and Antero Resources (AR) have fallen 1.1%, 1.6%, 2.4%, and 3.1%, respectively, in the trailing week. These stocks underperformed other natural-gas-weighted stocks in the trailing week.
Market Realist•3 months agoAnalyzing Natural Gas ETFs Last Week
On December 21–28, the United States Natural Gas ETF (UNG) fell 9.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 17.5%. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track twice the daily changes of the Bloomberg Natural Gas Subindex.
Market Realist•3 months agoWhere Natural Gas Prices Might Head Next Week
On December 27, natural gas’s implied volatility was 66.2%, which was ~15.7% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell 11.6%. Natural gas February futures rose 0.6% during the same period. Since June, these two metrics have been moving in tandem.
Market Realist•3 months agoAnalyzing the Futures Spread and Natural Gas Prices
On December 24, the natural gas futures for February 2019 closed at a premium of ~$0.35 to the February 2020 futures. On December 17, the futures spread was at a premium of $0.41. On December 17–24, the natural gas February futures fell 0.9%.
Market Realist•3 months agoNatural Gas: What Might Be the Downside Next Week?
On December 20, natural gas’s implied volatility was ~75%, which was ~9.1% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell 8%. Natural gas January futures fell 13.1% during the same period. Since June, these two metrics have been moving in tandem.
Market Realist•3 months agoNatural Gas Futures Spread: Are the Bullish Sentiments Declining?
On December 11, the natural gas futures for January 2019 closed at a premium of ~$1.2 to the January 2020 futures. On December 4, the futures spread was at a premium of $1.3. On December 4–11, the natural gas January futures fell 1.1%.
