ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $52.55 and traded as low as $50.68. ProShares K-1 Free Crude Oil ETF shares last traded at $51.42, with a volume of 985,573 shares.
ProShares K-1 Free Crude Oil ETF Trading Down 6.4%
The stock has a market capitalization of $90.50 million, a P/E ratio of 30.33 and a beta of 0.50. The business has a 50-day moving average price of $57.32 and a two-hundred day moving average price of $52.55.
Hedge Funds Weigh In On ProShares K-1 Free Crude Oil ETF
Several hedge funds have recently bought and sold shares of OILK. Arlington Capital Management INC lifted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 0.3% during the 3rd quarter. Arlington Capital Management INC now owns 102,341 shares of the company’s stock worth $5,934,000 after acquiring an additional 304 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of ProShares K-1 Free Crude Oil ETF during the 2nd quarter worth approximately $57,000. Verity Asset Management Inc. increased its stake in ProShares K-1 Free Crude Oil ETF by 41.8% in the third quarter. Verity Asset Management Inc. now owns 10,551 shares of the company’s stock valued at $612,000 after acquiring an additional 3,108 shares during the last quarter. NewEdge Advisors LLC bought a new position in ProShares K-1 Free Crude Oil ETF in the first quarter valued at approximately $287,000. Finally, Sanctuary Advisors LLC bought a new position in ProShares K-1 Free Crude Oil ETF in the first quarter valued at approximately $333,000.
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.
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