ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down – What’s Next?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped down prior to trading on Thursday . The stock had previously closed at $53.28, but opened at $49.48. ProShares Ultra Bloomberg Natural Gas shares last traded at $48.77, with a volume of 563,309 shares traded.

ProShares Ultra Bloomberg Natural Gas Stock Down 8.7 %

The company’s fifty day moving average price is $43.05 and its two-hundred day moving average price is $53.42.

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 stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 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.

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.