ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Down 4.1% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) fell 4.1% during trading on Thursday . The company traded as low as $69.21 and last traded at $69.37. 920,352 shares traded hands during trading, a decline of 78% from the average session volume of 4,166,609 shares. The stock had previously closed at $72.33.

ProShares Ultra Bloomberg Natural Gas Trading Down 14.6 %

The firm has a fifty day simple moving average of $49.63 and a two-hundred day simple moving average of $49.45.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,730 shares of the exchange traded fund’s stock, valued at approximately $217,000.

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.