ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 6.2% – Time to Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price were down 6.2% during trading on Friday . The stock traded as low as $63.04 and last traded at $62.45. Approximately 288,678 shares changed hands 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 Stock Performance

The stock’s fifty day moving average price is $51.63 and its two-hundred day moving average price is $49.38.

Hedge Funds Weigh In On 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 position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent reporting period.

About ProShares Ultra Bloomberg Natural Gas

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.