ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Price Down 6.2% – Time to Sell?

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price traded down 6.2% during trading on Friday . The stock traded as low as $63.04 and last traded at $62.45. 288,678 shares were traded during mid-day trading, a decline of 93% from the average session volume of 3,880,850 shares. The stock had previously closed at $66.56.

ProShares Ultra Bloomberg Natural Gas Trading Down 3.3 %

The firm has a fifty day moving average price of $51.63 and a two-hundred day moving average price of $49.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Bloomberg Natural Gas stock. EP Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 45,000 shares of the exchange traded fund’s stock, valued at approximately $522,000. EP Wealth Advisors LLC owned 0.11% of ProShares Ultra Bloomberg Natural Gas at the end of the most recent reporting period.

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.