ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 4.1% – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report)’s share price traded down 4.1% during trading on Thursday . The company traded as low as $69.21 and last traded at $69.37. 920,352 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 4,166,609 shares. The stock had previously closed at $72.33.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50 day moving average price is $48.16 and its 200 day moving average price is $49.27.

Institutional Inflows and Outflows

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

About ProShares Ultra Bloomberg Natural Gas

(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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