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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.12, but opened at $26.30. ProShares Ultra Bloomberg Natural Gas shares last traded at $26.3740, with a volume of 3,606,277 shares traded.

ProShares Ultra Bloomberg Natural Gas Stock Down 2.7%

The firm’s fifty day moving average price is $32.03 and its 200-day moving average price is $36.61.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC grew its stake in shares of ProShares Ultra Bloomberg Natural Gas by 386.9% in the second quarter. Flow Traders U.S. LLC now owns 92,249 shares of the exchange traded fund’s stock valued at $4,251,000 after acquiring an additional 73,304 shares in the last quarter. Group One Trading LLC raised its stake in ProShares Ultra Bloomberg Natural Gas by 69.4% in the third quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock valued at $1,885,000 after purchasing an additional 25,756 shares in the last quarter. HighTower Advisors LLC bought a new stake in ProShares Ultra Bloomberg Natural Gas during the third quarter worth about $1,336,000. Centric Wealth Management grew its stake in ProShares Ultra Bloomberg Natural Gas by 100.0% during the third quarter. Centric Wealth Management now owns 40,000 shares of the exchange traded fund’s stock worth $1,204,000 after buying an additional 20,000 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at about $1,751,000.

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.