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

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) fell 1.4% on Tuesday . The stock traded as low as $58.05 and last traded at $58.76. 165,892 shares were traded during mid-day trading, a decline of 37% from the average session 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 fifty day moving average of $52.70 and a two-hundred day moving average of $43.72. The stock has a market capitalization of $103.42 million, a P/E ratio of 30.33 and a beta of 0.50.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in OILK. Royal Bank of Canada grew its stake 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 valued at $667,000 after purchasing an additional 14,744 shares during the last quarter. Osaic Holdings Inc. grew its stake in ProShares K-1 Free Crude Oil ETF by 6.1% in the second quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock valued at $357,000 after purchasing an additional 507 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the third quarter valued at about $361,000. HighTower Advisors LLC grew its stake in ProShares K-1 Free Crude Oil ETF by 5.5% in 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 during the last quarter. Finally, Private Advisory Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the third quarter valued at about $4,973,000.

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.