Busy week for Bats Global Markets, Inc. (Bats: BATS) as it also has welcomed its 13th ProShares product to the Bats ETF Marketplace.
The new issue is the ProShares K-1 Free Crude Oil Strategy ETF (Bats: OILK), which seeks to provide total return by providing exposure to the West Texas Intermediate crude oil futures market in an actively managed ETF. The fund’s strategy seeks to outperform certain index-based strategies by actively managing the rolling of crude oil futures contracts. OILK is the only crude oil ETF that is not a commodities partnership and therefore does not deliver K-1 tax forms to shareholders.
Additional information is available here.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products, at Bats, said:
We are pleased to welcome yet another ProShares Fund to the Bats ETF Marketplace and are proud of the relationship and the potential to grow further together.”