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

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped down prior to trading on Thursday . The stock had previously closed at $95.84, but opened at $88.92. ProShares Ultra Bloomberg Natural Gas shares last traded at $88.36, with a volume of 613,755 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Stock Down 10.5 %

The stock’s 50 day simple moving average is $59.91 and its two-hundred day simple moving average is $50.85.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at $522,000. Squarepoint Ops LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at about $2,366,000. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas in the third quarter valued at about $217,000. BNP Paribas Financial Markets purchased a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth about $153,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at approximately $28,000.

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.