ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Down 5.1% – Time to Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price traded down 5.1% on Friday . The stock traded as low as $33.10 and last traded at $34.3980. 2,956,738 shares traded hands during trading, a decline of 31% from the average session volume of 4,254,710 shares. The stock had previously closed at $36.23.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock’s fifty day moving average is $29.60 and its 200-day moving average is $40.44.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in ProShares Ultra Bloomberg Natural Gas by 52.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 701 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at about $74,000. Headlands Technologies LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the first quarter worth about $85,000. Thrive Wealth Management LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter valued at approximately $231,000. Finally, HUB Investment Partners LLC bought a new position in ProShares Ultra Bloomberg Natural Gas in the second quarter valued at approximately $324,000.

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.