ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Down 6.2% – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price were down 6.2% during mid-day trading on Friday . The stock traded as low as $63.04 and last traded at $62.45. Approximately 288,678 shares were traded during trading, a decline of 93% from the average daily volume of 3,880,850 shares. The stock had previously closed at $66.56.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm’s fifty day moving average price is $52.14 and its 200 day moving average price is $49.27.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent SEC filing.

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.