ProShares K-1 Free Crude Oil ETF (BATS:OILK) Stock Price Down 1.6% – Here’s Why

ProShares K-1 Free Crude Oil ETF (BATS:OILK)’s stock price were down 1.6% during trading on Monday . The company traded as low as $53.05 and last traded at $53.62. Approximately 374,359 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 236,210 shares. The stock had previously closed at $54.48.

ProShares K-1 Free Crude Oil ETF Price Performance

The stock has a market capitalization of $94.37 million, a price-to-earnings ratio of 30.33 and a beta of 0.50. The stock’s 50 day simple moving average is $42.41 and its 200-day simple moving average is $40.12.

ProShares K-1 Free Crude Oil ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2653 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. This is an increase from ProShares K-1 Free Crude Oil ETF’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On ProShares K-1 Free Crude Oil ETF

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of ProShares K-1 Free Crude Oil ETF by 2,637.6% in the first quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after buying an additional 14,744 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of ProShares K-1 Free Crude Oil ETF by 50,466.7% during the 2nd 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. Flow Traders U.S. LLC increased its holdings in shares of ProShares K-1 Free Crude Oil ETF by 22.2% during 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 last quarter. Faithward Advisors LLC raised its stake in shares of ProShares K-1 Free Crude Oil ETF by 4.5% in the 2nd quarter. Faithward Advisors LLC now owns 190,439 shares of the company’s stock valued at $7,656,000 after acquiring an additional 8,134 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of ProShares K-1 Free Crude Oil ETF by 6.1% in 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.