ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 5.1% – Time to Sell?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) fell 5.1% during trading on Tuesday . The stock traded as low as $55.90 and last traded at $56.80. 690,409 shares were traded during trading, a decline of 72% from the average session volume of 2,451,077 shares. The stock had previously closed at $59.87.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50 day moving average is $44.27 and its two-hundred day moving average is $51.54.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission.

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.