ProShares K-1 Free Crude Oil ETF (BATS:OILK) Stock Price Down 0.4% – Here’s What Happened

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) were down 0.4% during trading on Friday . The company traded as low as $49.01 and last traded at $49.24. 153,235 shares were traded during trading, a decline of 35% from the average session volume of 237,480 shares. The stock had previously closed at $49.43.

ProShares K-1 Free Crude Oil ETF Stock Down 0.4%

The company has a 50 day moving average price of $51.29 and a 200-day moving average price of $50.74. The company has a market cap of $86.66 million, a price-to-earnings ratio of 30.33 and a beta of 0.50.

Hedge Funds Weigh In On ProShares K-1 Free Crude Oil ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the fourth quarter worth $228,000. 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 bought a new position in ProShares K-1 Free Crude Oil ETF during the 1st quarter worth $287,000. Sanctuary Advisors LLC acquired a new position in ProShares K-1 Free Crude Oil ETF during the 1st quarter worth about $333,000. Finally, Osaic Holdings Inc. lifted its holdings in ProShares K-1 Free Crude Oil ETF by 6.1% during the 2nd quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock worth $357,000 after buying an additional 507 shares during the period.

ProShares K-1 Free Crude Oil ETF Company Profile

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.