ProShares K-1 Free Crude Oil ETF (BATS:OILK) Trading Up 2.8% – Here’s Why

ProShares K-1 Free Crude Oil ETF (BATS:OILK)’s stock price were up 2.8% during trading on Monday . The stock traded as high as $44.10 and last traded at $44.08. Approximately 37,527 shares traded hands during trading, The stock had previously closed at $42.89.

ProShares K-1 Free Crude Oil ETF Stock Performance

The company’s 50 day moving average is $43.43 and its 200 day moving average is $45.61.

ProShares K-1 Free Crude Oil ETF Cuts Dividend

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisory Group LLC increased its stake in ProShares K-1 Free Crude Oil ETF by 2.3% in the second quarter. Private Advisory Group LLC now owns 116,532 shares of the company’s stock valued at $5,632,000 after purchasing an additional 2,613 shares during the period. ORG Partners LLC increased its stake in 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. Brookstone Capital Management acquired a new position in ProShares K-1 Free Crude Oil ETF in the second quarter valued at $269,000. First National Corp MA ADV acquired a new position in ProShares K-1 Free Crude Oil ETF in the second quarter valued at $413,000. Finally, Requisite Capital Management LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the third quarter valued at $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.