ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 3.3% – What’s Next?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) fell 3.3% during trading on Friday . The stock traded as low as $43.94 and last traded at $44.18. 485,600 shares were traded during mid-day trading, a decline of 80% from the average session volume of 2,406,556 shares. The stock had previously closed at $45.68.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company’s 50 day simple moving average is $43.01 and its 200 day simple moving average is $56.41.

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 acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.