ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Share Price Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $27.77 and traded as low as $26.56. ProShares Ultra Bloomberg Natural Gas shares last traded at $27.22, with a volume of 2,868,162 shares.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business has a 50 day moving average of $27.52 and a two-hundred day moving average of $39.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BOIL. HUB Investment Partners LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth approximately $324,000. Group One Trading LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth approximately $1,709,000. Two Sigma Securities LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth approximately $744,000. HighTower Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $1,336,000. Finally, EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $74,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.