ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report)’s share price were down 10.4% on Monday . The stock traded as low as $41.07 and last traded at $37.0490. Approximately 12,429 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 46,211 shares. The stock had previously closed at $41.35.
ProShares K-1 Free Crude Oil ETF Stock Performance
The business has a 50-day moving average of $38.35 and a 200-day moving average of $39.99. The stock has a market capitalization of $65.07 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
A number of institutional investors have recently modified their holdings of OILK. Royal Bank of Canada raised its position in 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 valued at $667,000 after purchasing an additional 14,744 shares during the last quarter. NewSquare Capital LLC increased its stake in ProShares K-1 Free Crude Oil ETF by 17.5% in the second quarter. NewSquare Capital LLC now owns 8,285 shares of the company’s stock valued at $333,000 after purchasing an additional 1,233 shares during the period. Simplex Trading LLC raised its holdings in shares of ProShares K-1 Free Crude Oil ETF by 50,466.7% in the second quarter. Simplex Trading LLC now owns 3,034 shares of the company’s stock valued at $121,000 after buying an additional 3,028 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of ProShares K-1 Free Crude Oil ETF by 22.2% in the second quarter. Flow Traders U.S. LLC now owns 12,109 shares of the company’s stock valued at $487,000 after buying an additional 2,201 shares during the last quarter. Finally, Faithward Advisors LLC boosted its stake in shares of ProShares K-1 Free Crude Oil ETF by 4.5% during the second quarter. Faithward Advisors LLC now owns 190,439 shares of the company’s stock worth $7,656,000 after buying an additional 8,134 shares during the period.
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.
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