ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Down 4.7% – Should You Sell?

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) were down 4.7% during mid-day trading on Thursday . The stock traded as low as $52.57 and last traded at $53.21. Approximately 1,530,555 shares were traded during trading, a decline of 58% from the average daily volume of 3,682,565 shares. The stock had previously closed at $55.82.

ProShares Ultra Bloomberg Natural Gas Price Performance

The firm’s 50-day moving average is $52.92 and its 200 day moving average is $49.15.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.