ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 4.1% – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) dropped 4.1% during mid-day trading on Thursday . The stock traded as low as $69.21 and last traded at $69.37. Approximately 920,352 shares were traded during trading, a decline of 78% from the average daily volume of 4,166,609 shares. The stock had previously closed at $72.33.

ProShares Ultra Bloomberg Natural Gas Stock Down 14.6 %

The business has a fifty day moving average price of $49.63 and a 200-day moving average price of $49.45.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.