ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $52.55 and traded as low as $50.68. ProShares K-1 Free Crude Oil ETF shares last traded at $51.42, with a volume of 985,573 shares.
ProShares K-1 Free Crude Oil ETF Trading Down 6.4%
The company’s fifty day moving average price is $57.32 and its two-hundred day moving average price is $52.55. The firm has a market cap of $90.50 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 hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the 2nd quarter worth approximately $57,000. NewEdge Advisors LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at about $287,000. Sanctuary Advisors LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at about $333,000. Global View Capital Management LLC bought a new position in ProShares K-1 Free Crude Oil ETF in the 3rd quarter valued at about $377,000. Finally, Group One Trading LLC raised its holdings in ProShares K-1 Free Crude Oil ETF by 7,826.0% in the 1st quarter. Group One Trading LLC now owns 7,926 shares of the company’s stock valued at $429,000 after acquiring 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.
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