ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) Stock Cross Below 50 Day Moving Average of $13.80

ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.80 and traded as low as $11.32. ProShares Ultra Bloomberg Natural Gas shares last traded at $11.66, with a volume of 51,123 shares traded.

The firm has a 50-day moving average price of $13.74.

A hedge fund recently bought a new stake in ProShares Ultra Bloomberg Natural Gas stock. Deutsche Bank AG acquired a new stake in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,820 shares of the exchange traded fund’s stock, valued at approximately $227,000. Deutsche Bank AG owned 0.86% of ProShares Ultra Bloomberg Natural Gas as of its most recent filing with the SEC.

Further Reading: Cost of Goods Sold (COGS)

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