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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $67.39, but opened at $65.05. ProShares Ultra Bloomberg Natural Gas shares last traded at $65.78, with a volume of 379,114 shares traded.

ProShares Ultra Bloomberg Natural Gas Trading Down 3.0 %

The company has a 50-day moving average of $51.08 and a 200 day moving average of $49.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC purchased a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the third quarter, according to the company in 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 approximately 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent reporting period.

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.