BOIL

TristaDickey
2023-03-09

$Bloomberg Natural Gas Bull 2X ETF(BOIL)$ The target index is currently (+2.14%). That's because today's NAV, which the performance is calculated against, is 5.74, not the 6.30 that was seen yesterday. If the index goes to 0% after the report, the share price would be $5.74, not the 5.94 that was the previous close on the NYSE quote.

It appears to trade at a premium or a discount against the NAV/target index throughout the day delivering an active trading range and making it a good swing/day trading selection. I assume this is related to the money flow or supply/demand metrics.

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