ProShares K-1 Free Crude Oil ETF (BATS:OILK) Sees Large Decline in Short Interest

ProShares K-1 Free Crude Oil ETF (BATS:OILK) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 66,362 shares, a decline of 44.4% from the July 15th total of 119,275 shares. Based on an average daily volume of 136,037 shares, the short-interest ratio is presently 0.5 days. Approximately 3.8% of the company’s shares are sold short.

ProShares K-1 Free Crude Oil ETF Price Performance

Shares of BATS:OILK opened at $52.23 on Monday. The company’s fifty day moving average is $50.90 and its two-hundred day moving average is $51.29. The company has a market cap of $91.92 million, a P/E ratio of 30.33 and a beta of 0.50. ProShares K-1 Free Crude Oil ETF has a 12-month low of $36.13 and a 12-month high of $61.33.

Institutional Investors Weigh In On ProShares K-1 Free Crude Oil ETF

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the 4th quarter worth about $228,000. Signet Private Wealth LLC acquired a new position in shares of ProShares K-1 Free Crude Oil ETF in the 1st quarter valued at about $237,000. NewEdge Advisors LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the first quarter worth approximately $287,000. Sanctuary Advisors LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the first quarter worth approximately $333,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 6.1% during the second quarter. Osaic Holdings Inc. now owns 8,871 shares of the company’s stock worth $357,000 after purchasing an additional 507 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.