ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down to $5.66

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Rating)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.66, but opened at $5.15. ProShares Ultra Bloomberg Natural Gas shares last traded at $5.26, with a volume of 13,799,169 shares.

ProShares Ultra Bloomberg Natural Gas Trading Up 5.7 %

The company has a 50 day moving average price of $7.60 and a 200 day moving average price of $34.39.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

Several large investors have recently modified their holdings of BOIL. UBS Group AG grew its holdings in ProShares Ultra Bloomberg Natural Gas by 49.7% during the second quarter. UBS Group AG now owns 747 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 248 shares during the period. Evoke Wealth LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the third quarter worth $57,000. Tradition Wealth Management LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $100,000. SG Americas Securities LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $137,000. Finally, Oxinas Partners Wealth Management LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the fourth quarter worth $215,000.

About ProShares Ultra Bloomberg Natural Gas

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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.