ProShares K-1 Free Crude Oil ETF (BATS:OILK) Shares Down 3.7% – Should You Sell?

ProShares K-1 Free Crude Oil ETF (BATS:OILK)’s share price were down 3.7% during mid-day trading on Thursday . The company traded as low as $46.59 and last traded at $44.69. Approximately 42,978 shares were traded during mid-day trading, The stock had previously closed at $46.40.

ProShares K-1 Free Crude Oil ETF Stock Performance

The company has a 50 day moving average of $44.09 and a 200-day moving average of $44.17.

ProShares K-1 Free Crude Oil ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.1946 per share. This is a boost from ProShares K-1 Free Crude Oil ETF’s previous dividend of $0.12. The ex-dividend date was Monday, December 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of OILK. Susquehanna International Group LLP boosted its position in shares of ProShares K-1 Free Crude Oil ETF by 346.4% during the second quarter. Susquehanna International Group LLP now owns 83,674 shares of the company’s stock worth $4,044,000 after buying an additional 64,930 shares during the period. Requisite Capital Management LLC acquired a new position in ProShares K-1 Free Crude Oil ETF during the 3rd quarter worth $437,000. ORG Partners LLC grew its stake in shares of ProShares K-1 Free Crude Oil ETF by 16.2% in the third quarter. ORG Partners LLC now owns 31,996 shares of the company’s stock worth $1,357,000 after purchasing an additional 4,467 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the third quarter valued at $354,000. Finally, Principal Securities Inc. raised its stake in shares of ProShares K-1 Free Crude Oil ETF by 25.9% during the fourth quarter. Principal Securities Inc. now owns 1,146 shares of the company’s stock valued at $51,000 after purchasing an additional 236 shares in the last quarter.

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.