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 prior to trading 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 changing hands.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company has a fifty day simple moving average of $7.60 and a two-hundred day simple moving average of $34.39.

Institutional Trading of ProShares Ultra Bloomberg Natural Gas

Large investors have recently bought and sold shares of the company. UBS Group AG boosted its stake in shares of 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 valued at $31,000 after acquiring an additional 248 shares during the last quarter. Evoke Wealth LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter valued at $57,000. Tradition Wealth Management LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at $100,000. SG Americas Securities LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at $137,000. Finally, Oxinas Partners Wealth Management LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the fourth quarter valued at $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.