ProShares K-1 Free Crude Oil ETF (BATS:OILK) Stock Short Interest Jumps 94.3%

ProShares K-1 Free Crude Oil ETF (BATS:OILK) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 116,392 shares, an increase of 94.3% from the September 30th total of 59,907 shares. Currently, 6.6% of the company’s stock are short sold. Based on an average daily volume of 59,808 shares, the short-interest ratio is presently 1.9 days.

ProShares K-1 Free Crude Oil ETF Stock Performance

Shares of OILK opened at $62.24 on Monday. The company’s fifty day simple moving average is $57.32 and its 200 day simple moving average is $52.33. ProShares K-1 Free Crude Oil ETF has a 1-year low of $36.13 and a 1-year high of $63.02. The company has a market cap of $109.54 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 have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the 2nd quarter worth about $57,000. Signet Private Wealth LLC bought a new position in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at about $237,000. NewEdge Advisors LLC bought a new position in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at about $287,000. Sanctuary Advisors LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the first quarter worth approximately $333,000. Finally, Global View Capital Management LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the third quarter worth approximately $377,000.

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.