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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $66.21, but opened at $62.34. ProShares Ultra Bloomberg Natural Gas shares last traded at $64.02, with a volume of 494,003 shares trading hands.

ProShares Ultra Bloomberg Natural Gas Trading Up 0.0 %

The company’s fifty day moving average is $48.16 and its two-hundred day moving average is $49.27.

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 bought a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILFree Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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.

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