ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Down 9.2% – What’s Next?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) were down 9.2% during mid-day trading on Monday . The company traded as low as $81.89 and last traded at $82.49. Approximately 590,147 shares traded hands during trading, a decline of 82% from the average daily volume of 3,280,847 shares. The stock had previously closed at $90.86.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The company’s fifty day moving average is $63.45 and its 200-day moving average is $51.99.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $28,000. BNP Paribas Financial Markets acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $153,000. PVG Asset Management Corp acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $217,000. Squarepoint Ops LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $2,366,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $522,000.

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.