ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Trading Down 4.5%

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) were down 4.5% during mid-day trading on Wednesday . The stock traded as low as $12.89 and last traded at $12.94. Approximately 2,223,836 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 11,272,188 shares. The stock had previously closed at $13.55.

ProShares Ultra Bloomberg Natural Gas Price Performance

The company’s 50-day simple moving average is $14.80 and its 200-day simple moving average is $32.18.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $940,000. Peoples Bank KS boosted its stake in shares of ProShares Ultra Bloomberg Natural Gas by 97.8% in the 4th quarter. Peoples Bank KS now owns 6,069 shares of the exchange traded fund’s stock valued at $173,000 after purchasing an additional 3,000 shares during the last quarter. Trellus Management Company LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $789,000. Headlands Technologies LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 3rd quarter valued at $202,000. Finally, Hibernia Wealth Partners LLC bought a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the 4th quarter valued at $455,000.

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.