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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $45.89, but opened at $42.83. ProShares Ultra Bloomberg Natural Gas shares last traded at $43.55, with a volume of 1,499,801 shares.

ProShares Ultra Bloomberg Natural Gas Stock Down 8.0 %

The company has a fifty day simple moving average of $45.86 and a two-hundred day simple moving average of $59.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 21.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 12,844 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 2,308 shares during the period. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $217,000. EP Wealth Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at approximately $522,000. Finally, Jane Street Group LLC raised its stake in shares of ProShares Ultra Bloomberg Natural Gas by 24.7% during the first quarter. Jane Street Group LLC now owns 709,523 shares of the exchange traded fund’s stock valued at $9,124,000 after acquiring an additional 140,485 shares during the last quarter.

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.