OILK 📈 ProShares K-1 Free Crude - Overview

Exchange: BATS • Country: USA • Currency: USD • Type: Etf • ISIN: US74347G8042 • Commodities Focused

OILK: Crude Oil Futures, WTI Contracts

The ProShares K-1 Free Crude Oil Strategy ETF (BATS:OILK) is designed to track the performance of the index, which focuses on three separate contract schedules for West Texas Intermediate (WTI) Crude Oil futures traded on the New York Mercantile Exchange (NYMEX). The fund achieves this by investing in financial instruments that ProShare Advisors believes will replicate the performance of the index.

The index itself is composed of three equally-weighted contract schedules for WTI Crude Oil futures, which are reset semi-annually in March and September. This means that the fund's holdings are adjusted twice a year to maintain the equal weighting of the three contract schedules. By doing so, the fund aims to provide investors with exposure to the performance of crude oil prices, without the need to directly hold futures contracts or other derivatives.

It's worth noting that the fund's investment strategy involves using a combination of financial instruments, such as futures contracts, options, and swaps, to track the performance of the index. This approach allows the fund to provide investors with a more efficient and cost-effective way to gain exposure to crude oil prices, compared to directly investing in physical oil or other oil-related assets.

As an exchange-traded fund (ETF), the ProShares K-1 Free Crude Oil Strategy ETF offers investors a flexible and liquid way to invest in crude oil prices. The fund is listed on the BATS exchange under the ticker symbol OILK, making it easily accessible to investors who want to add crude oil exposure to their portfolios.

Additional Sources for OILK ETF

OILK ETF Overview

Market Cap in USD 92m
Category Commodities Focused
TER 0.71%
IPO / Inception 2016-09-26

OILK ETF Ratings

Growth 5y 12.3%
Fundamental -
Dividend 32.7%
Rel. Performance Sector -1.35
Analysts -
Fair Price Momentum 46.28 USD
Fair Price DCF -

OILK Dividends

Dividend Yield 12m 2.50%
Yield on Cost 5y 2.20%
Annual Growth 5y 18.61%
Payout Consistency 46.31%

OILK Growth Ratios

Growth Correlation 3m 26.2%
Growth Correlation 12m 4.8%
Growth Correlation 5y 63.2%
CAGR 5y -2.46%
CAGR/Mean DD 5y -0.08
Sharpe Ratio 12m 0.10
Alpha -16.26
Beta 0.54
Volatility 27.36%
Current Volume 18.2k
Average Volume 20d 55.8k
What is the price of OILK stocks?
As of December 05, 2024, the stock is trading at USD 43.36 with a total of 18,173 shares traded.
Over the past week, the price has changed by +1.59%, over one month by -1.41%, over three months by +2.09% and over the past year by +2.65%.
Is ProShares K-1 Free Crude a good stock to buy?
Neither. Based on ValueRay Analyses, ProShares K-1 Free Crude is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 12.25 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of OILK as of December 2024 is 46.28. This means that OILK is currently overvalued and has a potential downside of 6.73%.
Is OILK a buy, sell or hold?
ProShares K-1 Free Crude has no consensus analysts rating.
What are the forecast for OILK stock price target?
According to ValueRays Forecast Model, OILK ProShares K-1 Free Crude will be worth about 50.7 in December 2025. The stock is currently trading at 43.36. This means that the stock has a potential upside of +16.97%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 50.7 17%