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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $65.54, but opened at $59.10. ProShares Ultra Bloomberg Natural Gas shares last traded at $57.51, with a volume of 544,636 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business has a 50 day moving average of $52.14 and a 200 day moving average of $49.18.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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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