ProShares K-1 Free Crude Oil ETF (BATS:OILK) Stock Price Down 0.5% – Here’s What Happened

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) fell 0.5% during trading on Tuesday . The company traded as low as $40.09 and last traded at $40.38. 156,966 shares were traded during trading, an increase of 119% from the average session volume of 71,521 shares. The stock had previously closed at $40.58.

ProShares K-1 Free Crude Oil ETF Price Performance

The firm has a market cap of $71.07 million, a P/E ratio of 30.33 and a beta of 0.50. The stock’s 50 day simple moving average is $38.87 and its two-hundred day simple moving average is $39.28.

ProShares K-1 Free Crude Oil ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0338 per share. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, February 2nd.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisory Group LLC purchased a new position in shares of ProShares K-1 Free Crude Oil ETF during the third quarter valued at approximately $4,973,000. Financial Enhancement Group LLC bought a new position in shares of ProShares K-1 Free Crude Oil ETF during the 4th quarter valued at $2,027,000. Tradewinds Capital Management LLC purchased a new position in shares of ProShares K-1 Free Crude Oil ETF in the 3rd quarter worth $1,991,000. Fortis Group Advisors LLC bought a new position in ProShares K-1 Free Crude Oil ETF in the fourth quarter valued at about $1,804,000. Finally, Royal Bank of Canada boosted its position in 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 purchasing an additional 14,744 shares during the last quarter.

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.