ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Share Price Cross Below Two Hundred Day Moving Average – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.21 and traded as low as $7.97. ProShares Ultra Bloomberg Natural Gas shares last traded at $8.04, with a volume of 12,920,460 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Down 2.7 %

The firm has a 50 day moving average of $9.80 and a 200 day moving average of $13.21.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in ProShares Ultra Bloomberg Natural Gas by 84.3% during the 1st quarter. Sunbelt Securities Inc. now owns 2,707 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,238 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas by 21.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 2,308 shares during the period. Jane Street Group LLC raised its holdings in ProShares Ultra Bloomberg Natural Gas by 24.7% during the 1st quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock valued at $9,124,000 after acquiring an additional 140,485 shares during the period. Finally, Traynor Capital Management Inc. bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 1st quarter valued at $166,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

The ProShares Ultra Bloomberg Natural Gas (BOIL) is an exchange-traded fund that is based on the Bloomberg Natural Gas Subindex index. The fund provides 2x the daily return of an index that measures the price performance of natural gas as reflected through publicly traded natural gas futures contracts.