ProShares K-1 Free Crude Oil ETF (BATS:OILK) Trading 2.1% Higher – Still a Buy?

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILKGet Free Report) traded up 2.1% on Tuesday . The stock traded as high as $55.68 and last traded at $55.66. 249,508 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 217,107 shares. The stock had previously closed at $54.52.

ProShares K-1 Free Crude Oil ETF Stock Up 2.1%

The stock has a fifty day moving average price of $51.95 and a 200-day moving average price of $52.84. The firm has a market cap of $97.96 million, a price-to-earnings ratio of 30.33 and a beta of 0.50.

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

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its stake in shares of ProShares K-1 Free Crude Oil ETF by 6.1% in the 2nd quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock worth $357,000 after acquiring an additional 507 shares during the period. Signet Private Wealth LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the first quarter worth about $237,000. NewEdge Advisors LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the first quarter worth about $287,000. Jane Street Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF during the fourth quarter worth about $228,000. Finally, Sanctuary Advisors LLC purchased a new position in ProShares K-1 Free Crude Oil ETF during the first quarter worth about $333,000.

About ProShares K-1 Free Crude Oil ETF

(Get Free Report)

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.

Further Reading

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