ProShares K-1 Free Crude Oil ETF (BATS:OILK) Sees Significant Increase in Short Interest

ProShares K-1 Free Crude Oil ETF (BATS:OILK – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 116,392 shares, a growth of 94.3% from the September 30th total of 59,907 shares. Approximately 6.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 59,808 shares, the days-to-cover ratio is presently 1.9 days.

ProShares K-1 Free Crude Oil ETF Stock Up 0.2%

OILK stock opened at $62.24 on Friday. The company’s 50-day moving average price is $57.32 and its two-hundred day moving average price is $52.33. ProShares K-1 Free Crude Oil ETF has a 12 month low of $36.13 and a 12 month high of $63.02. The firm has a market cap of $109.54 million, a P/E ratio of 30.33 and a beta of 0.50.

Institutional Trading of ProShares K-1 Free Crude Oil ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arlington Capital Management INC increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 0.3% in the third quarter. Arlington Capital Management INC now owns 102,341 shares of the company’s stock valued at $5,934,000 after buying an additional 304 shares during the period. Arlington Capital Management Inc. bought a new stake in ProShares K-1 Free Crude Oil ETF in the second quarter valued at approximately $4,846,000. Green Ridge Wealth Planning LLC increased its position in ProShares K-1 Free Crude Oil ETF by 18.9% during the 2nd quarter. Green Ridge Wealth Planning LLC now owns 65,570 shares of the company’s stock valued at $3,114,000 after purchasing an additional 10,410 shares during the period. Ethos Financial Group LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the 1st quarter valued at approximately $2,622,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in ProShares K-1 Free Crude Oil ETF during the 3rd quarter valued at approximately $1,560,000.

ProShares K-1 Free Crude Oil ETF Company Profile

(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.

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