ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $27.17 and traded as low as $21.71. ProShares Ultra Bloomberg Natural Gas shares last traded at $22.68, with a volume of 7,581,368 shares traded.
ProShares Ultra Bloomberg Natural Gas Stock Down 4.2%
The firm has a 50 day moving average price of $27.17 and a 200-day moving average price of $34.11.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundations Investment Advisors LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at about $1,981,000. SLT Holdings LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $1,978,000. Simplex Trading LLC boosted its holdings in ProShares Ultra Bloomberg Natural Gas by 2,202.9% in the fourth quarter. Simplex Trading LLC now owns 76,227 shares of the exchange traded fund’s stock valued at $1,746,000 after purchasing an additional 72,917 shares in the last quarter. IMC Chicago LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the fourth quarter valued at approximately $997,000. Finally, Group One Trading LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas in the second quarter valued at approximately $1,709,000.
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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.
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