ProShares K-1 Free Crude Oil ETF (BATS:OILK) Share Price Pass Below Two Hundred Day Moving Average – Here’s Why

ProShares K-1 Free Crude Oil ETF (BATS:OILK) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $44.89 and traded as low as $42.46. ProShares K-1 Free Crude Oil ETF shares last traded at $42.82, with a volume of 15,220 shares changing hands.

ProShares K-1 Free Crude Oil ETF Trading Up 1.8 %

The company has a 50-day moving average of $43.47 and a 200-day moving average of $44.89.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Client First Investment Management LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the 2nd quarter valued at approximately $600,000. Brookstone Capital Management acquired a new stake in shares of ProShares K-1 Free Crude Oil ETF during the second quarter worth $269,000. ORG Partners LLC raised its stake in ProShares K-1 Free Crude Oil ETF by 16.2% during the third quarter. ORG Partners LLC now owns 31,996 shares of the company’s stock worth $1,357,000 after buying an additional 4,467 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in ProShares K-1 Free Crude Oil ETF by 346.4% in the second quarter. Susquehanna International Group LLP now owns 83,674 shares of the company’s stock valued at $4,044,000 after buying an additional 64,930 shares during the period. Finally, Jane Street Group LLC bought a new stake in ProShares K-1 Free Crude Oil ETF during the third quarter valued at $354,000.

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.