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

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

ProShares Ultra Bloomberg Natural Gas Stock Down 2.7 %

The company has a fifty day moving average price of $43.01 and a two-hundred day moving average price of $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. EP Wealth Advisors LLC purchased a new position in shares of 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 purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned about 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent reporting period.

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.