ProShares K-1 Free Crude Oil ETF (BATS:OILK) Sees Large Growth in Short Interest

ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) 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. Based on an average daily volume of 59,808 shares, the days-to-cover ratio is currently 1.9 days. Approximately 6.6% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares K-1 Free Crude Oil ETF

Large investors have recently bought and sold shares of the stock. Arlington Capital Management Inc. acquired a new stake in shares of ProShares K-1 Free Crude Oil ETF in the 2nd quarter worth approximately $4,846,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the third quarter valued at approximately $1,560,000. Green Ridge Wealth Planning LLC increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 18.9% during the second quarter. Green Ridge Wealth Planning LLC now owns 65,570 shares of the company’s stock valued at $3,114,000 after acquiring an additional 10,410 shares during the period. Ethos Financial Group LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the first quarter valued at approximately $2,622,000. Finally, Verity Asset Management Inc. raised its holdings in ProShares K-1 Free Crude Oil ETF by 41.8% during the third quarter. Verity Asset Management Inc. now owns 10,551 shares of the company’s stock worth $612,000 after purchasing an additional 3,108 shares in the last quarter.

ProShares K-1 Free Crude Oil ETF Stock Down 12.3%

OILK stock opened at $54.58 on Tuesday. The company has a market capitalization of $96.06 million, a P/E ratio of 30.33 and a beta of 0.50. The company has a 50-day simple moving average of $57.32 and a 200 day simple moving average of $52.41. ProShares K-1 Free Crude Oil ETF has a fifty-two week low of $36.13 and a fifty-two week high of $63.02.

About ProShares K-1 Free Crude Oil ETF

(Get Free Report)

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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