Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) shot up 0.8% during trading on Thursday . The company traded as high as $46.98 and last traded at $46.86. 66,523 shares changed hands during trading, a decline of 74% from the average daily volume of 252,157 shares. The stock had previously closed at $46.47.
ProShares K-1 Free Crude Oil ETF Price Performance
The company’s 50-day simple moving average is $54.58 and its two-hundred day simple moving average is $48.38. The firm has a market capitalization of $82.47 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
A number of institutional investors have recently bought and sold shares of OILK. Financial Enhancement Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF during the fourth quarter valued at $2,027,000. Ethos Financial Group LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF in the first quarter worth about $2,622,000. Fortis Group Advisors LLC bought a new position in shares of ProShares K-1 Free Crude Oil ETF in the fourth quarter worth about $1,804,000. Royal Bank of Canada raised its stake in shares of 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 worth $667,000 after buying an additional 14,744 shares during the period. Finally, Group One Trading LLC lifted its position 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 valued at $429,000 after buying an additional 7,826 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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