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 Tuesday . The stock had previously closed at $41.15, but opened at $38.91. ProShares Ultra Bloomberg Natural Gas shares last traded at $38.94, with a volume of 504,958 shares changing hands.

ProShares Ultra Bloomberg Natural Gas Stock Down 2.2 %

The stock’s 50-day moving average price is $43.93 and its 200 day moving average price is $56.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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.