ProShares K-1 Free Crude Oil ETF (BATS:OILK) Shares Down 1.4% – Here’s What Happened

ProShares K-1 Free Crude Oil ETF (BATS:OILK)’s stock price dropped 1.4% on Tuesday . The stock traded as low as $58.05 and last traded at $58.76. Approximately 165,892 shares traded hands during trading, a decline of 37% from the average daily volume of 264,182 shares. The stock had previously closed at $59.60.

ProShares K-1 Free Crude Oil ETF Price Performance

The firm has a market capitalization of $103.42 million, a P/E ratio of 30.33 and a beta of 0.50. The firm has a 50-day moving average price of $52.70 and a two-hundred day moving average price of $43.72.

Institutional Trading of ProShares K-1 Free Crude Oil ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ethos Financial Group LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the first quarter worth $2,622,000. Sanctuary Advisors LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the first quarter worth $333,000. Signet Private Wealth LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the first quarter worth $237,000. Jane Street Group LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the fourth quarter worth $228,000. Finally, Fortis Group Advisors LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the fourth quarter worth $1,804,000.

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.