Stock Track | ProShares Ultra Bloomberg Natural Gas (BOIL) Soars 5.11% as Natural Gas Futures Jump on Cold Weather Demand

Stock Track01-22

ProShares Ultra Bloomberg Natural Gas (BOIL) surged 5.11% intraday, tracking a sharp rise in natural gas futures prices. The ETF's performance reflects the broader rally in the natural gas market.

The surge in natural gas futures, which jumped over 20% for the second straight day, was driven by expectations of extreme cold weather boosting heating demand to near-record levels. The cold snap is also expected to cut output by freezing oil and gas wells, further tightening supply.

This rally has lifted other natural gas ETFs and companies, with the United States Natural Gas Fund (UNG) up 10.1% and companies like EQT Corp and CNX Resources gaining over 5%. BOIL, as a leveraged ETF, amplified the gains in natural gas futures.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment