ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 66,362 shares, a drop of 44.4% from the July 15th total of 119,275 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 136,037 shares, the days-to-cover ratio is currently 0.5 days.
Hedge Funds Weigh In On ProShares K-1 Free Crude Oil ETF
Several large investors have recently made changes to their positions in OILK. Ethos Financial Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the first quarter valued at $2,622,000. Fortis Group Advisors LLC purchased a new position in shares of ProShares K-1 Free Crude Oil ETF in the 4th quarter valued at about $1,804,000. Royal Bank of Canada raised its holdings in ProShares K-1 Free Crude Oil ETF by 2,637.6% in the 1st quarter. Royal Bank of Canada now owns 15,303 shares of the company’s stock worth $667,000 after purchasing an additional 14,744 shares during the period. Green Ridge Wealth Planning LLC raised its holdings 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 worth $3,114,000 after purchasing an additional 10,410 shares during the period. Finally, Group One Trading LLC boosted its position in ProShares K-1 Free Crude Oil ETF by 7,826.0% during the first quarter. Group One Trading LLC now owns 7,926 shares of the company’s stock worth $429,000 after purchasing an additional 7,826 shares in the last quarter.
ProShares K-1 Free Crude Oil ETF Trading Up 2.7%
Shares of BATS:OILK opened at $53.63 on Tuesday. ProShares K-1 Free Crude Oil ETF has a 12-month low of $36.13 and a 12-month high of $61.33. The company has a market capitalization of $94.39 million, a PE ratio of 30.33 and a beta of 0.50. The business has a 50 day moving average of $50.84 and a two-hundred day moving average of $51.38.
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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