Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) fell 2.7% on Thursday . The company traded as low as $54.70 and last traded at $54.89. 383,350 shares traded hands during mid-day trading, an increase of 54% from the average session volume of 248,977 shares. The stock had previously closed at $56.44.
ProShares K-1 Free Crude Oil ETF Stock Down 2.7%
The firm’s 50-day moving average is $56.24 and its 200-day moving average is $47.24. The company has a market cap of $96.61 million, a PE ratio of 30.33 and a beta of 0.50.
Hedge Funds Weigh In On ProShares K-1 Free Crude Oil ETF
Several hedge funds and other institutional investors have recently modified their holdings of OILK. Private Advisory Group LLC bought a new stake 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 stake in shares of ProShares K-1 Free Crude Oil ETF during the fourth quarter valued at approximately $2,027,000. Fortis Group Advisors LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF during the fourth quarter valued at approximately $1,804,000. Stratos Wealth Partners LTD. boosted its position in shares of ProShares K-1 Free Crude Oil ETF by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 22,630 shares of the company’s stock valued at $844,000 after purchasing an additional 270 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of ProShares K-1 Free Crude Oil ETF by 5.5% during the third quarter. HighTower Advisors LLC now owns 105,461 shares of the company’s stock valued at $4,229,000 after purchasing an additional 5,543 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.
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