ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down to $14.86

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.86, but opened at $14.19. ProShares Ultra Bloomberg Natural Gas shares last traded at $13.93, with a volume of 2,338,521 shares traded.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm’s 50-day moving average price is $14.67 and its 200-day moving average price is $30.74.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several hedge funds have recently made changes to their positions in BOIL. Trellus Management Company LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $789,000. Peoples Bank KS purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at $167,000. Barclays PLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $940,000. Headlands Technologies LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $202,000. Finally, Hibernia Wealth Partners LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at $455,000.

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.