ProShares K-1 Free Crude Oil ETF (BATS:OILK) Stock Pass Below 200 Day Moving Average – Time to Sell?

ProShares K-1 Free Crude Oil ETF (BATS:OILK) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

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

The stock has a fifty day moving average of $43.50 and a 200-day moving average of $45.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OILK. First National Corp MA ADV acquired a new stake in shares of ProShares K-1 Free Crude Oil ETF during the second quarter worth $413,000. ORG Partners LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF in the second quarter valued at about $1,350,000. Brookstone Capital Management acquired a new position in shares of ProShares K-1 Free Crude Oil ETF during the second quarter worth about $269,000. Private Advisory Group LLC raised its holdings 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 purchasing an additional 2,613 shares in the last quarter. Finally, Client First Investment Management LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF in the 2nd quarter valued at approximately $600,000.

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.