ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Reaches New 12-Month Low – Here’s Why

Shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOILGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $18.02 and last traded at $18.22, with a volume of 13222604 shares. The stock had previously closed at $19.77.

ProShares Ultra Bloomberg Natural Gas Stock Down 7.8%

The stock has a 50 day moving average price of $30.08 and a two-hundred day moving average price of $32.62.

Hedge Funds Weigh In On ProShares Ultra Bloomberg Natural Gas

A number of institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas by 100.0% during the third quarter. FNY Investment Advisers LLC now owns 1,000 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra Bloomberg Natural Gas in the third quarter valued at approximately $30,000. BNP Paribas Financial Markets raised its position in ProShares Ultra Bloomberg Natural Gas by 52.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,026 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 701 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $74,000. Finally, Thrive Wealth Management LLC acquired a new position in ProShares Ultra Bloomberg Natural Gas during the 3rd quarter worth $231,000.

ProShares Ultra Bloomberg Natural Gas Company Profile

(Get Free Report)

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. BOIL was launched on Oct 4, 2011 and is managed by ProShares.

Further Reading

Receive News & Ratings for ProShares Ultra Bloomberg Natural Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Bloomberg Natural Gas and related companies with MarketBeat.com's FREE daily email newsletter.