ProShares K-1 Free Crude Oil ETF (BATS:OILK) Trading Down 16.2% – Should You Sell?

Shares of ProShares K-1 Free Crude Oil ETF (BATS:OILK) traded down 16.2% during mid-day trading on Monday . The stock traded as low as $46.59 and last traded at $38.90. 42,978 shares were traded during mid-day trading, a decline of 4% from the average session volume of 44,866 shares. The stock had previously closed at $46.40.

ProShares K-1 Free Crude Oil ETF Stock Down 17.0%

The stock has a market cap of $60.89 million, a PE ratio of 30.33 and a beta of 0.59. The business has a 50 day moving average price of $39.29 and a 200 day moving average price of $42.09.

ProShares K-1 Free Crude Oil ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were given a $0.3218 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from ProShares K-1 Free Crude Oil ETF’s previous dividend of $0.31.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Principal Securities Inc. increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 25.9% in the 4th quarter. Principal Securities Inc. now owns 1,146 shares of the company’s stock valued at $51,000 after purchasing an additional 236 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 8.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,532 shares of the company’s stock valued at $200,000 after purchasing an additional 360 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 30,647 shares of the company’s stock valued at $1,354,000 after purchasing an additional 766 shares in the last quarter. Smithfield Trust Co purchased a new position in shares of ProShares K-1 Free Crude Oil ETF in the 4th quarter valued at about $53,000. Finally, Guardian Wealth Advisors LLC NC increased its stake in shares of ProShares K-1 Free Crude Oil ETF by 15.9% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 24,964 shares of the company’s stock valued at $1,103,000 after purchasing an additional 3,425 shares in 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.