ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Down 4.7% – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price were down 4.7% during mid-day trading on Thursday . The company 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 Trading Up 0.5 %

The stock has a fifty day moving average of $52.92 and a two-hundred day moving average of $49.15.

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 the company in its most recent filing with the SEC. The fund 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.