ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down – Should You Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) gapped down prior to trading on Monday . The stock had previously closed at $44.05, but opened at $42.34. ProShares Ultra Bloomberg Natural Gas shares last traded at $42.17, with a volume of 344,685 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Up 2.9 %

The stock has a 50 day moving average price of $42.62 and a two-hundred day moving average price of $55.27.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp purchased a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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.