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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price 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 changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50-day moving average is $48.16 and its two-hundred day moving average is $49.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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

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.