ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report)’s share price were down 3.3% during trading on Thursday. The company traded as low as $55.01 and last traded at $56.04. Approximately 85,247 shares were traded during trading, a decline of 59% from the average daily volume of 207,012 shares. The stock had previously closed at $57.98.
ProShares K-1 Free Crude Oil ETF Price Performance
The company has a market cap of $98.63 million, a PE ratio of 30.33 and a beta of 0.50. The business has a 50 day moving average of $54.23 and a 200 day moving average of $54.11.
Institutional Investors Weigh In On ProShares K-1 Free Crude Oil ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Arlington Capital Management Inc. purchased a new position in shares of ProShares K-1 Free Crude Oil ETF during the second quarter valued at about $4,846,000. Integrated Wealth Concepts LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF in the second quarter worth about $57,000. Guardian Wealth Advisors LLC NC grew its holdings in shares of ProShares K-1 Free Crude Oil ETF by 46.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 22,963 shares of the company’s stock worth $1,091,000 after acquiring an additional 7,286 shares during the period. Green Ridge Wealth Planning LLC raised its position 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 in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of ProShares K-1 Free Crude Oil ETF in the 1st quarter worth approximately $287,000.
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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