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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $35.61, but opened at $34.50. ProShares Ultra Bloomberg Natural Gas shares last traded at $35.1790, with a volume of 1,019,309 shares.

ProShares Ultra Bloomberg Natural Gas Stock Up 1.3%

The stock has a fifty day simple moving average of $29.93 and a 200 day simple moving average of $39.65.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 701 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at about $74,000. Headlands Technologies LLC bought a new position in ProShares Ultra Bloomberg Natural Gas during the first quarter valued at approximately $85,000. Thrive Wealth Management LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at $231,000. Finally, HUB Investment Partners LLC purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 2nd quarter worth $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.