ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) shares 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 traded.
ProShares K-1 Free Crude Oil ETF Stock Performance
The firm’s 50-day simple moving average is $57.29 and its 200 day simple moving average is $52.69. The company has a market cap of $215.17 million, a P/E ratio of 30.33 and a beta of 0.07.
Institutional Investors Weigh In On ProShares K-1 Free Crude Oil ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF in the third quarter valued at approximately $6,319,000. Arlington Capital Management INC raised its holdings in shares of ProShares K-1 Free Crude Oil ETF by 0.3% during the third quarter. Arlington Capital Management INC now owns 102,341 shares of the company’s stock worth $5,934,000 after acquiring an additional 304 shares during the period. Arlington Capital Management Inc. acquired a new stake in shares of ProShares K-1 Free Crude Oil ETF during the second quarter worth $4,846,000. Green Ridge Wealth Planning LLC lifted its position in 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 valued at $3,114,000 after acquiring an additional 10,410 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new stake in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at $2,622,000.
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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