ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Shares Gap Down to $54.53

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $54.53, but opened at $52.55. ProShares Ultra Bloomberg Natural Gas shares last traded at $53.33, with a volume of 890,961 shares.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The stock has a 50 day simple moving average of $59.08 and a 200 day simple moving average of $375.23.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Hedge funds have recently added to or reduced their stakes in the stock. First Capital Advisors Group LLC. bought a new position in ProShares Ultra Bloomberg Natural Gas during the 2nd quarter worth $28,000. CWM LLC increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 69.0% in the 2nd quarter. CWM LLC now owns 441 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $33,000. UBS Group AG increased its stake in shares of ProShares Ultra Bloomberg Natural Gas by 49.7% in the 2nd quarter. UBS Group AG now owns 747 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 248 shares during the last quarter. Finally, Peoples Bank KS bought a new position in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $167,000.

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.