ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Sets New 12-Month Low – Here’s What Happened

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $35.68 and last traded at $35.79, with a volume of 1233699 shares traded. The stock had previously closed at $36.99.

ProShares Ultra Bloomberg Natural Gas Stock Performance

The business’s 50-day simple moving average is $46.55 and its 200 day simple moving average is $63.10.

Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas

An institutional investor recently raised its position in ProShares Ultra Bloomberg Natural Gas stock. Jane Street Group LLC lifted its position in shares of ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) by 24.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 709,523 shares of the exchange traded fund’s stock after purchasing an additional 140,485 shares during the period. Jane Street Group LLC owned 1.72% of ProShares Ultra Bloomberg Natural Gas worth $9,124,000 as of its most recent SEC filing.

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.