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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $56.75, but opened at $52.93. ProShares Ultra Bloomberg Natural Gas shares last traded at $53.14, with a volume of 767,796 shares.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company has a fifty day simple moving average of $44.52 and a 200-day simple moving average of $50.91.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp bought a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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.

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