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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $27.12, but opened at $26.30. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.3740, with a volume of 3,606,277 shares.

ProShares Ultra Bloomberg Natural Gas Stock Up 4.5%

The firm has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $36.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its position in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at about $30,000. BNP Paribas Financial Markets raised its stake in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 701 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $74,000. Finally, Thrive Wealth Management LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $231,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

(Get Free Report)

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.

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