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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report)’s stock price gapped down before the market opened 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.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm’s fifty day moving average price is $43.19 and its 200-day moving average price is $53.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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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