ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down – Here’s Why

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares gapped down before the market opened on Thursday . The stock had previously closed at $95.84, but opened at $88.92. ProShares Ultra Bloomberg Natural Gas shares last traded at $88.36, with a volume of 613,755 shares.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock’s 50 day moving average is $61.70 and its two-hundred day moving average is $51.44.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at about $28,000. BNP Paribas Financial Markets bought a new position in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth approximately $153,000. PVG Asset Management Corp bought a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $217,000. Squarepoint Ops LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at $2,366,000. Finally, EP Wealth Advisors LLC purchased a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $522,000.

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.