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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped down before the market opened on Friday . The stock had previously closed at $51.38, but opened at $45.48. ProShares Ultra Bloomberg Natural Gas shares last traded at $45.78, with a volume of 1,129,863 shares.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50 day simple moving average is $46.07 and its two-hundred day simple moving average is $61.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOIL. Kingswood Wealth Advisors LLC lifted 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 purchasing an additional 2,308 shares during the period. EP Wealth Advisors LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $522,000. Finally, Jane Street Group LLC lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 24.7% in 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 buying an additional 140,485 shares during the period.

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.