Short Interest in ProShares K-1 Free Crude Oil ETF (BATS:OILK) Expands By 75.7%

ProShares K-1 Free Crude Oil ETF (BATS:OILK) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 161,393 shares, an increase of 75.7% from the June 15th total of 91,847 shares. Approximately 9.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 254,536 shares, the days-to-cover ratio is presently 0.6 days.

ProShares K-1 Free Crude Oil ETF Stock Performance

BATS OILK opened at $52.93 on Friday. The stock has a market capitalization of $93.16 million, a P/E ratio of 30.33 and a beta of 0.50. ProShares K-1 Free Crude Oil ETF has a 1 year low of $36.13 and a 1 year high of $61.33. The business’s fifty day moving average is $53.21 and its two-hundred day moving average is $49.29.

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

Hedge funds have recently modified their holdings of the stock. Green Ridge Wealth Planning LLC lifted its holdings in shares of ProShares K-1 Free Crude Oil ETF by 18.9% during the second quarter. Green Ridge Wealth Planning LLC now owns 65,570 shares of the company’s stock valued at $3,114,000 after purchasing an additional 10,410 shares during the last quarter. Financial Enhancement Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the 4th quarter worth about $2,027,000. Ethos Financial Group LLC purchased a new position in ProShares K-1 Free Crude Oil ETF in the 1st quarter worth about $2,622,000. Fortis Group Advisors LLC acquired a new stake in ProShares K-1 Free Crude Oil ETF during the 4th quarter worth about $1,804,000. Finally, Stratos Wealth Partners LTD. raised its holdings in ProShares K-1 Free Crude Oil ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 22,630 shares of the company’s stock worth $844,000 after buying an additional 270 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.