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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped down prior to trading on Monday . The stock had previously closed at $43.62, but opened at $38.87. ProShares Ultra Bloomberg Natural Gas shares last traded at $38.5160, with a volume of 2,208,439 shares.

ProShares Ultra Bloomberg Natural Gas Trading Down 14.2%

The business’s 50 day simple moving average is $31.89 and its 200 day simple moving average is $37.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position 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 buying an additional 701 shares in the last quarter. Headlands Technologies LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the 1st quarter valued at approximately $85,000. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at approximately $74,000. Finally, HUB Investment Partners LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the second quarter valued at $324,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

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.