ProShares K-1 Free Crude Oil ETF (BATS:OILK) Short Interest Update

ProShares K-1 Free Crude Oil ETF (BATS:OILK) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 66,362 shares, a decline of 44.4% from the July 15th total of 119,275 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily volume of 136,037 shares, the days-to-cover ratio is presently 0.5 days.

ProShares K-1 Free Crude Oil ETF Stock Up 0.5%

OILK opened at $53.90 on Wednesday. The company has a market capitalization of $94.86 million, a PE ratio of 30.33 and a beta of 0.50. The firm has a 50-day simple moving average of $50.81 and a two-hundred day simple moving average of $51.48. ProShares K-1 Free Crude Oil ETF has a 52 week low of $36.13 and a 52 week high of $61.33.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new position in ProShares K-1 Free Crude Oil ETF during the first quarter valued at $2,622,000. Fortis Group Advisors LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the fourth quarter valued at $1,804,000. Royal Bank of Canada lifted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 2,637.6% in the 1st quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after acquiring an additional 14,744 shares during the last quarter. Green Ridge Wealth Planning LLC lifted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 18.9% in the 2nd quarter. Green Ridge Wealth Planning LLC now owns 65,570 shares of the company’s stock worth $3,114,000 after acquiring an additional 10,410 shares during the last quarter. Finally, Group One Trading LLC boosted its stake in shares of ProShares K-1 Free Crude Oil ETF by 7,826.0% during the 1st quarter. Group One Trading LLC now owns 7,926 shares of the company’s stock worth $429,000 after purchasing an additional 7,826 shares during the period.

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.