ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped down before the market opened on Thursday . The stock had previously closed at $53.28, but opened at $49.48. ProShares Ultra Bloomberg Natural Gas shares last traded at $48.77, with a volume of 563,309 shares.

ProShares Ultra Bloomberg Natural Gas Trading Up 5.9 %

The company has a fifty day simple moving average of $43.19 and a two-hundred day simple moving average of $53.38.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.