February 12, 2019 - 2:37 PM EST
Is BOIL Poised For A Bounce?
Is BOIL Poised For A Bounce?

Introduction

Welcome to my ProShares Ultra Bloomberg Natural Gas ETF (BOIL) report. As you may know, BOIL is a U.S. incorporated ETF that replicates 2x the daily return of an index that measures the price performance of natural gas futures. This ETF is not recommended for long-term holding, since its rollover costs and expense ratio of 1.31% slowly erodes its value.

In this report, I wish to discuss (based on the Energy Information Administration ((EIA)) estimate) recent changes in natural gas inventories and speculative positioning (released by the Commodity Futures Trading Commission ((CFTC)))

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Source: SeekingAlpha (February 12, 2019 - 2:37 PM EST)