ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report)’s share price dropped 4.5% during trading on Monday . The stock traded as low as $41.07 and last traded at $39.4770. Approximately 12,429 shares traded hands during 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 Trading Down 4.5%
The firm has a market cap of $69.48 million, a PE ratio of 30.33 and a beta of 0.50. The stock has a fifty day simple moving average of $37.99 and a two-hundred day simple moving average of $39.36.
Institutional Trading of ProShares K-1 Free Crude Oil ETF
Hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC increased its position in ProShares K-1 Free Crude Oil ETF by 50,466.7% during the second quarter. Simplex Trading LLC now owns 3,034 shares of the company’s stock valued at $121,000 after acquiring an additional 3,028 shares during the last quarter. NewSquare Capital LLC lifted its position 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 worth $333,000 after buying an additional 1,233 shares during the last quarter. Osaic Holdings Inc. increased its stake in 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 worth $357,000 after purchasing an additional 507 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the 3rd quarter worth $361,000. Finally, Flow Traders U.S. LLC increased its holdings in shares of ProShares K-1 Free Crude Oil ETF by 22.2% in the 2nd quarter. Flow Traders U.S. LLC now owns 12,109 shares of the company’s stock valued at $487,000 after acquiring an additional 2,201 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.
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