ProShares K-1 Free Crude Oil ETF (BATS:OILK) Trading Down 3.7% – Here’s What Happened

ProShares K-1 Free Crude Oil ETF (BATS:OILK) dropped 3.7% during trading on Thursday . The company traded as low as $46.59 and last traded at $44.69. Approximately 42,978 shares traded hands during trading, The stock had previously closed at $46.40.

ProShares K-1 Free Crude Oil ETF Trading Down 3.7 %

The company has a fifty day moving average of $44.09 and a 200 day moving average of $44.17.

ProShares K-1 Free Crude Oil ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.1946 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares K-1 Free Crude Oil ETF’s previous dividend of $0.12.

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

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP raised its position 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 period. Requisite Capital Management LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the 3rd quarter worth about $437,000. Jane Street Group LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the 3rd quarter worth about $354,000. ORG Partners LLC lifted its stake in ProShares K-1 Free Crude Oil ETF by 16.2% during the third quarter. ORG Partners LLC now owns 31,996 shares of the company’s stock valued at $1,357,000 after buying an additional 4,467 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 25.9% in the fourth quarter. Principal Securities Inc. now owns 1,146 shares of the company’s stock worth $51,000 after buying an additional 236 shares during the period.

About ProShares K-1 Free Crude Oil ETF

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.