Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) fell 10.4% during trading on Monday . The company traded as low as $41.07 and last traded at $37.0490. 12,429 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 46,211 shares. The stock had previously closed at $41.35.
ProShares K-1 Free Crude Oil ETF Stock Down 10.4%
The firm has a market capitalization of $65.21 million, a price-to-earnings ratio of 30.33 and a beta of 0.50. The company’s 50 day moving average price is $38.48 and its 200 day moving average price is $40.02.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Faithward Advisors LLC boosted its position in ProShares K-1 Free Crude Oil ETF by 4.5% in the second quarter. Faithward Advisors LLC now owns 190,439 shares of the company’s stock valued at $7,656,000 after buying an additional 8,134 shares during the last quarter. Private Advisory Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF during the 3rd quarter worth approximately $4,973,000. HighTower Advisors LLC lifted its stake in ProShares K-1 Free Crude Oil ETF by 5.5% during the 3rd quarter. HighTower Advisors LLC now owns 105,461 shares of the company’s stock valued at $4,229,000 after acquiring an additional 5,543 shares during the period. Tradewinds Capital Management LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the 3rd quarter valued at $1,991,000. Finally, Royal Bank of Canada increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 2,637.6% in the first quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after acquiring an additional 14,744 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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