ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Down 4.7% – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price dropped 4.7% during trading on Thursday . The stock traded as low as $52.57 and last traded at $53.21. Approximately 1,530,555 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 3,682,565 shares. The stock had previously closed at $55.82.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50 day moving average price is $52.79 and its 200-day moving average price is $49.15.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned approximately 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent SEC filing.

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.