ProShares K-1 Free Crude Oil ETF (BATS:OILK) Trading Down 2.7% – What’s Next?

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) were down 2.7% during mid-day trading on Thursday . The company traded as low as $54.70 and last traded at $54.89. Approximately 383,350 shares were traded during trading, an increase of 54% from the average daily volume of 248,977 shares. The stock had previously closed at $56.44.

ProShares K-1 Free Crude Oil ETF Stock Performance

The stock’s 50-day moving average price is $56.27 and its 200-day moving average price is $47.28. The company has a market capitalization of $94.00 million, a price-to-earnings ratio of 30.33 and a beta of 0.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of ProShares K-1 Free Crude Oil ETF during the 4th quarter worth approximately $228,000. Signet Private Wealth LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF during the 1st quarter valued at $237,000. NewEdge Advisors LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF during the 1st quarter valued at $287,000. Sanctuary Advisors LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the 1st quarter valued at $333,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of 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 valued at $357,000 after acquiring an additional 507 shares in the last quarter.

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.