(OILK) ProShares K-1 Free Crude - Ratings and Ratios

The ProShares K-1 Free Crude Oil Strategy ETF (OILK) is designed to provide exposure to West Texas Intermediate (WTI) Crude Oil futures without the complexity of K-1 tax forms. The fund achieves this by investing in a combination of financial instruments that collectively aim to track the performance of an index. This index is specifically constructed to measure the performance of three separate WTI Crude Oil futures contract schedules, offering a diversified approach to crude oil exposure.

OILK is listed on the BATS exchange under the ticker symbol OILK and is categorized as a commodities-focused ETF. With an average daily trading volume of 29,412 shares over the past 20 days, the fund maintains moderate liquidity. As of the latest data, the funds assets under management (AUM) total $71.62 million, indicating a sizable but not overly large fund. The ETFs last price was $40.99, with key technical indicators showing the SMA 20 at $43.36, SMA 50 at $43.90, and SMA 200 at $43.69. The Average True Range (ATR) of 0.73 reflects relatively low volatility in recent trading sessions.

Over the next three months, based on the provided technical and fundamental data, OILK is expected to face headwinds. The last price of $40.99 is below all major moving averages (SMA 20: $43.36, SMA 50: $43.90, SMA 200: $43.69), indicating bearish momentum. The relatively low ATR of 0.73 suggests that price movements may remain constrained, but the funds ability to maintain its tracking performance will be critical. Given the current technical setup, OILK may struggle to regain its short-term moving averages, potentially trading sideways or slightly lower in the near term.