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

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price were down 4.5% on Wednesday . The stock traded as low as $12.89 and last traded at $12.94. Approximately 2,223,836 shares were traded during 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 Stock Performance

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

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of large investors have recently modified their holdings of BOIL. First Capital Advisors Group LLC. acquired a new stake in ProShares Ultra Bloomberg Natural Gas in the second quarter worth $28,000. Steward Partners Investment Advisory LLC raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 318.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 7,955 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 6,055 shares during the period. Advisory Services Network LLC raised its holdings in shares of ProShares Ultra Bloomberg Natural Gas by 5,556.6% during the first quarter. Advisory Services Network LLC now owns 8,202 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 8,057 shares during the period. UBS Group AG raised its holdings 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 worth $31,000 after acquiring an additional 248 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas during the third quarter worth $33,000.

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.