ProShares K-1 Free Crude Oil ETF (BATS:OILK) Share Price Cross Below Two Hundred Day Moving Average – What’s Next?

ProShares K-1 Free Crude Oil ETF (BATS:OILK)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.10 and traded as low as $42.69. ProShares K-1 Free Crude Oil ETF shares last traded at $42.71, with a volume of 7,320 shares traded.

ProShares K-1 Free Crude Oil ETF Stock Down 0.1 %

The business has a 50 day moving average of $43.50 and a 200-day moving average of $45.10.

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

A number of institutional investors have recently modified their holdings of the company. Private Advisory Group LLC boosted its position in 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 acquiring an additional 2,613 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 346.4% during the second quarter. Susquehanna International Group LLP now owns 83,674 shares of the company’s stock worth $4,044,000 after purchasing an additional 64,930 shares during the last quarter. ORG Partners LLC grew its position in shares of ProShares K-1 Free Crude Oil ETF by 16.2% in the third quarter. ORG Partners LLC now owns 31,996 shares of the company’s stock valued at $1,357,000 after purchasing an additional 4,467 shares during the period. Client First Investment Management LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the second quarter valued at $600,000. Finally, Requisite Capital Management LLC purchased a new position in ProShares K-1 Free Crude Oil ETF during the third quarter worth 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.