Short Interest in VanEck Oil Refiners ETF (NYSEARCA:CRAK) Increases By 26.2%

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 74,821 shares, a growth of 26.2% from the December 15th total of 59,277 shares. Based on an average daily volume of 16,964 shares, the days-to-cover ratio is presently 4.4 days. Currently, 6.1% of the shares of the stock are sold short. Currently, 6.1% of the shares of the stock are sold short. Based on an average daily volume of 16,964 shares, the days-to-cover ratio is presently 4.4 days.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in VanEck Oil Refiners ETF by 17.3% in the second quarter. Cetera Investment Advisers now owns 116,408 shares of the company’s stock worth $3,818,000 after buying an additional 17,188 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of VanEck Oil Refiners ETF by 25.0% in the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock valued at $92,000 after acquiring an additional 500 shares during the period. Flow Traders U.S. LLC lifted its holdings in shares of VanEck Oil Refiners ETF by 46.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 32,510 shares of the company’s stock worth $1,193,000 after acquiring an additional 10,239 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of VanEck Oil Refiners ETF during the 2nd quarter worth about $121,000. Finally, Signal Advisors Wealth LLC bought a new position in VanEck Oil Refiners ETF during the 4th quarter valued at about $231,000.

VanEck Oil Refiners ETF Price Performance

Shares of NYSEARCA CRAK traded down $0.39 during mid-day trading on Monday, hitting $39.90. 63,745 shares of the company’s stock traded hands, compared to its average volume of 113,950. The company’s 50-day moving average is $39.24 and its two-hundred day moving average is $37.04. The company has a market capitalization of $67.83 million, a P/E ratio of 13.16 and a beta of 0.82. VanEck Oil Refiners ETF has a 1 year low of $24.17 and a 1 year high of $41.49.

About VanEck Oil Refiners ETF

The VanEck Oil Refiners ETF (CRAK) is an exchange-traded fund that is based on the MVIS Global Oil Refiners index. The fund tracks a market-cap index of global stocks issued by firms that earn at least 50% of their revenue from oil refining. CRAK was launched on Aug 18, 2015 and is managed by VanEck.