ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Hits New 12-Month Low – Here’s Why

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) hit a new 52-week low on Thursday . The company traded as low as $15.69 and last traded at $16.47, with a volume of 21245528 shares changing hands. The stock had previously closed at $18.60.

ProShares Ultra Bloomberg Natural Gas Trading Down 11.5%

The business has a 50-day simple moving average of $28.93 and a 200-day simple moving average of $31.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its position in ProShares Ultra Bloomberg Natural Gas by 100.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 500 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 52.9% in the third quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 701 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter worth about $30,000. Thrive Wealth Management LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 29.9% during the 4th quarter. Thrive Wealth Management LLC now owns 10,000 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 2,300 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter valued at approximately $74,000.

About ProShares Ultra Bloomberg Natural Gas

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.