Short Interest in ProShares K-1 Free Crude Oil ETF (BATS:OILK) Grows By 75.7%

ProShares K-1 Free Crude Oil ETF (BATS:OILK) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 161,393 shares, a growth of 75.7% from the June 15th total of 91,847 shares. Currently, 9.2% of the shares of the stock are short sold. Based on an average daily volume of 254,536 shares, the days-to-cover ratio is presently 0.6 days.

ProShares K-1 Free Crude Oil ETF Stock Up 2.5%

Shares of BATS OILK opened at $52.93 on Friday. ProShares K-1 Free Crude Oil ETF has a 52 week low of $36.13 and a 52 week high of $61.33. The firm has a 50-day moving average price of $53.21 and a 200 day moving average price of $49.29. The stock has a market capitalization of $93.16 million, a price-to-earnings ratio of 30.33 and a beta of 0.50.

Institutional Investors Weigh In On ProShares K-1 Free Crude Oil ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in shares of ProShares K-1 Free Crude Oil ETF by 2,637.6% in the 1st quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after acquiring an additional 14,744 shares during the period. Osaic Holdings Inc. raised its holdings in ProShares K-1 Free Crude Oil ETF by 6.1% during the second quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock worth $357,000 after purchasing an additional 507 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in ProShares K-1 Free Crude Oil ETF by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 22,630 shares of the company’s stock worth $844,000 after purchasing an additional 270 shares in the last quarter. Financial Enhancement Group LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF during the fourth quarter worth $2,027,000. Finally, Fortis Group Advisors LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF in the fourth quarter valued at $1,804,000.

About ProShares K-1 Free Crude Oil ETF

The ProShares K-1 Free Crude Oil Strategy ETF (OILK) is an exchange-traded fund that mostly invests in crude oil commodities. The fund tracks an index holding three separate contracts at equal-weighting with different roll schedules. OILK was launched on Sep 26, 2016 and is managed by ProShares.