ProShares K-1 Free Crude Oil ETF (BATS:OILK) Share Price Cross Below 200-Day Moving Average – Here’s What Happened

ProShares K-1 Free Crude Oil ETF (BATS:OILK) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $45.24 and traded as low as $43.24. ProShares K-1 Free Crude Oil ETF shares last traded at $43.59, with a volume of 136,686 shares.

ProShares K-1 Free Crude Oil ETF Stock Performance

The firm’s 50 day simple moving average is $43.49 and its 200-day simple moving average is $45.21.

ProShares K-1 Free Crude Oil ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1174 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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

A number of large investors have recently made changes to their positions in OILK. Brookstone Capital Management acquired a new position in ProShares K-1 Free Crude Oil ETF in the 2nd quarter valued at approximately $269,000. Jane Street Group LLC purchased a new stake in shares of ProShares K-1 Free Crude Oil ETF during the third quarter worth $354,000. First National Corp MA ADV acquired a new stake in ProShares K-1 Free Crude Oil ETF during the second quarter valued at $413,000. Requisite Capital Management LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the third quarter valued at about $437,000. Finally, Client First Investment Management LLC acquired a new position in ProShares K-1 Free Crude Oil ETF in the 2nd quarter worth about $600,000.

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.