ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down to $15.67

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.67, but opened at $15.10. ProShares Ultra Bloomberg Natural Gas shares last traded at $15.18, with a volume of 2,032,564 shares traded.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company has a 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $19.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its position in ProShares Ultra Bloomberg Natural Gas by 84.3% during the 1st quarter. Sunbelt Securities Inc. now owns 2,707 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 1,238 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas in the first quarter worth $135,000. Traynor Capital Management Inc. bought a new position in ProShares Ultra Bloomberg Natural Gas in the first quarter worth $166,000. Peoples Bank KS lifted its position in ProShares Ultra Bloomberg Natural Gas by 97.8% during the fourth quarter. Peoples Bank KS now owns 6,069 shares of the exchange traded fund’s stock valued at $173,000 after buying an additional 3,000 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 20.6% during the 4th quarter. Advisory Services Network LLC now owns 8,238 shares of the exchange traded fund’s stock valued at $234,000 after buying an additional 1,406 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.