ProShares K-1 Free Crude Oil ETF (BATS:OILK) Share Price Pass Below Two Hundred Day Moving Average – Here’s Why

ProShares K-1 Free Crude Oil ETF (BATS:OILK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.89 and traded as low as $42.46. ProShares K-1 Free Crude Oil ETF shares last traded at $42.82, with a volume of 15,220 shares.

ProShares K-1 Free Crude Oil ETF Stock Performance

The firm’s 50 day moving average is $43.47 and its 200 day moving average is $44.89.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OILK. Client First Investment Management LLC bought a new stake in ProShares K-1 Free Crude Oil ETF during the second quarter worth about $600,000. Brookstone Capital Management purchased a new position in shares of ProShares K-1 Free Crude Oil ETF during the 2nd quarter valued at about $269,000. ORG Partners LLC lifted its position in ProShares K-1 Free Crude Oil ETF by 16.2% in the 3rd quarter. ORG Partners LLC now owns 31,996 shares of the company’s stock worth $1,357,000 after buying an additional 4,467 shares during the last quarter. Susquehanna International Group LLP boosted its stake in ProShares K-1 Free Crude Oil ETF by 346.4% in the second quarter. Susquehanna International Group LLP now owns 83,674 shares of the company’s stock worth $4,044,000 after buying an additional 64,930 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in ProShares K-1 Free Crude Oil ETF in the third quarter worth approximately $354,000.

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.