ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 161,393 shares, an increase of 75.7% from the June 15th total of 91,847 shares. Based on an average daily trading volume, of 254,536 shares, the short-interest ratio is currently 0.6 days. Approximately 9.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF in the fourth quarter worth approximately $228,000. Signet Private Wealth LLC bought a new stake in ProShares K-1 Free Crude Oil ETF in the 1st quarter worth approximately $237,000. NewEdge Advisors LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF during the 1st quarter valued at $287,000. Sanctuary Advisors LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF during the 1st quarter valued at $333,000. Finally, Osaic Holdings Inc. raised its stake in ProShares K-1 Free Crude Oil ETF by 6.1% during the 2nd quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock valued at $357,000 after buying an additional 507 shares during the last quarter.
ProShares K-1 Free Crude Oil ETF Stock Performance
BATS:OILK opened at $51.66 on Friday. The firm has a market cap of $90.92 million, a P/E ratio of 30.33 and a beta of 0.50. ProShares K-1 Free Crude Oil ETF has a fifty-two week low of $36.13 and a fifty-two week high of $61.33. The firm has a 50-day simple moving average of $53.27 and a two-hundred day simple moving average of $49.26.
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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