ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped down prior to trading on Monday . The stock had previously closed at $43.62, but opened at $38.87. ProShares Ultra Bloomberg Natural Gas shares last traded at $38.5160, with a volume of 2,208,439 shares.

ProShares Ultra Bloomberg Natural Gas Stock Down 14.2%

The business’s fifty day moving average price is $31.89 and its two-hundred day moving average price is $37.43.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 1st quarter valued at approximately $85,000. Flow Traders U.S. LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter worth $1,625,000. Jump Financial LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at $3,029,000. Everstar Asset Management LLC purchased a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the first quarter valued at $1,805,000. Finally, Simplex Trading LLC lifted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 8,623.8% in the 2nd quarter. Simplex Trading LLC now owns 23,467 shares of the exchange traded fund’s stock worth $1,081,000 after acquiring an additional 23,198 shares during the last quarter.

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.