ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Down 5% – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares were down 5% on Monday . The stock traded as low as $33.39 and last traded at $33.5640. Approximately 1,303,762 shares changed hands during trading, a decline of 70% from the average daily volume of 4,343,461 shares. The stock had previously closed at $35.32.

ProShares Ultra Bloomberg Natural Gas Price Performance

The stock’s 50 day simple moving average is $30.21 and its 200-day simple moving average is $39.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 701 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth $74,000. Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 1st quarter worth $85,000. Thrive Wealth Management LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $231,000. Finally, HUB Investment Partners LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at $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.