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

ProShares K-1 Free Crude Oil ETF (BATS:OILK) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.24 and traded as low as $43.24. ProShares K-1 Free Crude Oil ETF shares last traded at $43.59, with a volume of 136,686 shares.

ProShares K-1 Free Crude Oil ETF Stock Performance

The firm’s 50 day simple moving average is $43.42 and its 200-day simple moving average is $45.24.

ProShares K-1 Free Crude Oil ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, September 3rd were paid a $0.1174 dividend. The ex-dividend date was Tuesday, September 3rd.

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

Several institutional investors and hedge funds have recently bought and sold shares of OILK. Private Advisory Group LLC boosted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 2.3% during the second quarter. Private Advisory Group LLC now owns 116,532 shares of the company’s stock worth $5,632,000 after purchasing an additional 2,613 shares during the period. Susquehanna International Group LLP grew its holdings in shares of ProShares K-1 Free Crude Oil ETF by 346.4% during the 2nd quarter. Susquehanna International Group LLP now owns 83,674 shares of the company’s stock valued at $4,044,000 after acquiring an additional 64,930 shares in the last quarter. ORG Partners LLC raised its holdings in shares of 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 acquiring an additional 4,467 shares in the last quarter. Client First Investment Management LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the second quarter valued at $600,000. Finally, Requisite Capital Management LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the third quarter valued at about $437,000.

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.