ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Down 3.3% – Time to Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price were down 3.3% during trading on Friday . The company traded as low as $43.94 and last traded at $44.18. Approximately 485,600 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 2,406,556 shares. The stock had previously closed at $45.68.

ProShares Ultra Bloomberg Natural Gas Stock Down 3.6 %

The stock has a fifty day moving average of $42.79 and a 200 day moving average of $55.75.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned 0.11% of ProShares Ultra Bloomberg Natural Gas as of its most recent SEC filing.

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.