ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Down 6.5% – What’s Next?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) fell 6.5% on Tuesday . The company traded as low as $39.44 and last traded at $39.49. 1,475,162 shares were traded during mid-day trading, a decline of 37% from the average session volume of 2,334,553 shares. The stock had previously closed at $42.25.

ProShares Ultra Bloomberg Natural Gas Stock Up 1.0 %

The business has a fifty day simple moving average of $44.92 and a two-hundred day simple moving average of $58.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 2,308 shares during the period. PVG Asset Management Corp purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $217,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $522,000.

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.