ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.00 and traded as low as $13.62. ProShares Ultra Bloomberg Natural Gas shares last traded at $14.21, with a volume of 7,974,675 shares changing hands.
ProShares Ultra Bloomberg Natural Gas Trading Up 6.8 %
The firm’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $34.10.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Capital Advisors Group LLC. bought a new stake in ProShares Ultra Bloomberg Natural Gas in the second quarter worth approximately $28,000. Steward Partners Investment Advisory LLC grew its position in ProShares Ultra Bloomberg Natural Gas by 318.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,955 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 6,055 shares during the period. Advisory Services Network LLC increased its stake in ProShares Ultra Bloomberg Natural Gas by 5,556.6% during the 1st quarter. Advisory Services Network LLC now owns 8,202 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 8,057 shares in the last quarter. UBS Group AG increased its position in shares of ProShares Ultra Bloomberg Natural Gas by 49.7% during the second quarter. UBS Group AG now owns 747 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 248 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter worth about $33,000.
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.
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Read More: ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Cross Below 50 Day