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

by · The Cerbat Gem

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shares 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 changing hands.

ProShares Ultra Bloomberg Natural Gas Trading Down 2.7%

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC lifted its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% during the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 500 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $30,000. BNP Paribas Financial Markets lifted its holdings in ProShares Ultra Bloomberg Natural Gas by 52.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 701 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at about $467,000. Finally, Group One Trading LLC grew its position in shares of ProShares Ultra Bloomberg Natural Gas by 69.4% in the 3rd quarter. Group One Trading LLC now owns 62,847 shares of the exchange traded fund’s stock valued at $1,885,000 after buying an additional 25,756 shares during the last quarter.

About ProShares Ultra Bloomberg Natural Gas

(Get Free Report)

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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