ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shares fell 4.1% on Thursday . The stock traded as low as $69.21 and last traded at $69.37. 920,352 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,166,609 shares. The stock had previously closed at $72.33.
ProShares Ultra Bloomberg Natural Gas Stock Performance
The stock’s 50 day moving average is $48.16 and its 200-day moving average is $49.27.
Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas
A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. PVG Asset Management Corp acquired a new position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.
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