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

ProShares K-1 Free Crude Oil ETF (BATS:OILK)’s share price rose 2.1% during trading on Tuesday . The stock traded as high as $55.68 and last traded at $55.66. Approximately 249,508 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 217,107 shares. The stock had previously closed at $54.52.

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

The firm’s fifty day moving average price is $51.95 and its 200-day moving average price is $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

Hedge funds have recently modified their holdings of the business. Signet Private Wealth LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at $237,000. NewEdge Advisors LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the first quarter valued at $287,000. Jane Street Group LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the fourth quarter valued at about $228,000. Sanctuary Advisors LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the first quarter valued at about $333,000. Finally, Group One Trading LLC increased its position in ProShares K-1 Free Crude Oil ETF by 7,826.0% in the 1st quarter. Group One Trading LLC now owns 7,926 shares of the company’s stock valued at $429,000 after acquiring an additional 7,826 shares during the period.

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.