ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 3.8% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price dropped 3.8% during mid-day trading on Friday . The company traded as low as $30.38 and last traded at $30.39. Approximately 3,203,133 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 3,647,794 shares. The stock had previously closed at $31.60.

ProShares Ultra Bloomberg Natural Gas Stock Down 5.9%

The business’s 50 day moving average is $30.38 and its 200-day moving average is $47.84.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Several hedge funds and other institutional investors have recently bought and sold shares of BOIL. Headlands Technologies LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 1st quarter worth $85,000. FNY Investment Advisers LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 1st quarter worth $214,000. HUB Investment Partners LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter worth $324,000. Two Sigma Securities LLC acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter worth $744,000. Finally, Centric Wealth Management acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter worth $922,000.

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.