ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) was the target of 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 presently 0.6 days. Approximately 9.2% of the shares of the stock are short sold.
Institutional Trading of ProShares K-1 Free Crude Oil ETF
Several hedge funds and other institutional investors have recently bought and sold shares of OILK. Jane Street Group LLC purchased a new position in shares of ProShares K-1 Free Crude Oil ETF in the fourth quarter valued at about $228,000. Signet Private Wealth LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF during the first quarter worth about $237,000. NewEdge Advisors LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF in the first quarter worth about $287,000. Sanctuary Advisors LLC bought a new stake in shares of ProShares K-1 Free Crude Oil ETF in the first quarter worth about $333,000. Finally, Osaic Holdings Inc. grew its stake in shares of 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 worth $357,000 after purchasing an additional 507 shares during the last quarter.
ProShares K-1 Free Crude Oil ETF Trading Down 1.1%
OILK opened at $51.66 on Friday. The stock has a market capitalization of $90.92 million, a P/E ratio of 30.33 and a beta of 0.50. The stock has a 50-day moving average price of $53.27 and a 200-day moving average price of $49.26. ProShares K-1 Free Crude Oil ETF has a 12-month low of $36.13 and a 12-month high of $61.33.
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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