ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Pass Below Fifty Day Moving Average – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $27.17 and traded as low as $21.71. ProShares Ultra Bloomberg Natural Gas shares last traded at $22.68, with a volume of 7,581,368 shares.

ProShares Ultra Bloomberg Natural Gas Stock Down 4.2%

The company has a 50 day moving average price of $27.17 and a 200-day moving average price of $34.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BOIL. FNY Investment Advisers LLC boosted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth approximately $30,000. Allworth Financial LP acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 4th quarter worth approximately $46,000. BNP Paribas Financial Markets lifted its stake in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 701 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in ProShares Ultra Bloomberg Natural Gas in the 2nd quarter valued at approximately $324,000.

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.