ProShares K-1 Free Crude Oil ETF (BATS:OILK) Shares Down 3.7% – Here’s Why

ProShares K-1 Free Crude Oil ETF (BATS:OILKGet Free Report)’s share price were down 3.7% during mid-day trading on Thursday . The company traded as low as $46.59 and last traded at $44.69. Approximately 42,978 shares changed hands during mid-day trading, The stock had previously closed at $46.40.

ProShares K-1 Free Crude Oil ETF Stock Down 3.6 %

The firm’s fifty day moving average price is $44.11 and its 200 day moving average price is $44.15.

ProShares K-1 Free Crude Oil ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1946 per share. This is a boost from ProShares K-1 Free Crude Oil ETF’s previous dividend of $0.12. The ex-dividend date was Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF in the third quarter worth $354,000. ORG Partners LLC boosted its holdings in ProShares K-1 Free Crude Oil ETF by 16.2% in the third quarter. ORG Partners LLC now owns 31,996 shares of the company’s stock valued at $1,357,000 after purchasing an additional 4,467 shares during the period. Susquehanna International Group LLP boosted 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 purchasing an additional 64,930 shares during the period. Principal Securities Inc. grew its stake in ProShares K-1 Free Crude Oil ETF by 25.9% during the 4th quarter. Principal Securities Inc. now owns 1,146 shares of the company’s stock worth $51,000 after purchasing an additional 236 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF during the 4th quarter worth about $3,621,000.

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.

Further Reading

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