ProShares K-1 Free Crude Oil ETF (BATS:OILK) Shares Down 10.4% – Time to Sell?

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) traded down 10.4% during mid-day trading on Monday . The stock traded as low as $41.07 and last traded at $37.0490. 12,429 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 46,211 shares. The stock had previously closed at $41.35.

ProShares K-1 Free Crude Oil ETF Stock Down 10.4%

The stock has a market capitalization of $65.21 million, a P/E ratio of 30.33 and a beta of 0.50. The company has a fifty day moving average price of $38.48 and a 200-day moving average price of $40.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OILK. Simplex Trading LLC grew its stake in shares of ProShares K-1 Free Crude Oil ETF by 50,466.7% during the second quarter. Simplex Trading LLC now owns 3,034 shares of the company’s stock valued at $121,000 after buying an additional 3,028 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of ProShares K-1 Free Crude Oil ETF by 17.5% during the 2nd quarter. NewSquare Capital LLC now owns 8,285 shares of the company’s stock worth $333,000 after acquiring an additional 1,233 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in ProShares K-1 Free Crude Oil ETF by 6.1% during the 2nd quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock valued at $357,000 after acquiring an additional 507 shares during the period. Sugar Maple Asset Management LLC purchased a new position in ProShares K-1 Free Crude Oil ETF during the 3rd quarter valued at $361,000. Finally, Flow Traders U.S. LLC grew its position in ProShares K-1 Free Crude Oil ETF by 22.2% in the 2nd quarter. Flow Traders U.S. LLC now owns 12,109 shares of the company’s stock valued at $487,000 after acquiring an additional 2,201 shares during the last quarter.

ProShares K-1 Free Crude Oil ETF Company Profile

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.