ProShares K-1 Free Crude Oil ETF (BATS:OILK) Shares Up 2.1% – Here’s What Happened

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) shot up 2.1% during trading on Tuesday . The stock traded as high as $55.68 and last traded at $55.66. Approximately 249,508 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 217,107 shares. The stock had previously closed at $54.52.

ProShares K-1 Free Crude Oil ETF Price Performance

The business’s 50-day moving average is $52.14 and its 200 day moving average is $52.93. The firm has a market capitalization of $100.83 million, a P/E ratio of 30.33 and a beta of 0.50.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in shares of ProShares K-1 Free Crude Oil ETF by 6.1% in the second quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock valued at $357,000 after buying an additional 507 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in ProShares K-1 Free Crude Oil ETF during the 2nd quarter worth $57,000. Signet Private Wealth LLC bought a new position in ProShares K-1 Free Crude Oil ETF during the 1st quarter worth $237,000. NewEdge Advisors LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at $287,000. Finally, Jane Street Group LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the 4th quarter valued at $228,000.

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.