ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Down 6.5% – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price were down 6.5% during trading on Tuesday . The stock traded as low as $39.44 and last traded at $39.49. 1,475,162 shares were traded during trading, a decline of 37% from the average session volume of 2,334,553 shares. The stock had previously closed at $42.25.

ProShares Ultra Bloomberg Natural Gas Stock Down 8.9 %

The business’s 50 day moving average price is $45.57 and its two-hundred day moving average price is $59.24.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of hedge funds and other institutional investors have recently modified their holdings of BOIL. Kingswood Wealth Advisors LLC lifted its stake in ProShares Ultra Bloomberg Natural Gas by 21.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 2,308 shares during the last quarter. PVG Asset Management Corp bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $217,000. EP Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth $522,000. Finally, Jane Street Group LLC raised its position in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% during the first quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock worth $9,124,000 after purchasing an additional 140,485 shares during the period.

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.