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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $43.89, but opened at $42.20. ProShares Ultra Bloomberg Natural Gas shares last traded at $42.61, with a volume of 328,129 shares traded.

ProShares Ultra Bloomberg Natural Gas Trading Up 3.5 %

The company’s fifty day moving average is $46.01 and its 200 day moving average is $61.87.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BOIL. EP Wealth Advisors LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $522,000. Kingswood Wealth Advisors LLC grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 2,308 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% during the first 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 in the last 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.