ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 5.1% – Time to Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price dropped 5.1% on Tuesday . The company traded as low as $55.90 and last traded at $56.80. Approximately 690,409 shares were traded during trading, a decline of 72% from the average daily volume of 2,451,077 shares. The stock had previously closed at $59.87.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The firm’s 50-day simple moving average is $43.78 and its 200 day simple moving average is $51.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned about 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent quarter.

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.