VanEck Oil Refiners ETF (NYSEARCA:CRAK) Short Interest Update

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 26,972 shares, a decrease of 80.2% from the May 14th total of 136,457 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 124,917 shares, the short-interest ratio is currently 0.2 days.

VanEck Oil Refiners ETF Stock Up 0.8%

Shares of CRAK stock traded up $0.39 on Wednesday, reaching $47.97. 67,840 shares of the stock were exchanged, compared to its average volume of 102,198. The stock has a market cap of $140.07 million, a P/E ratio of 13.16 and a beta of 0.52. The firm has a 50 day moving average of $48.70 and a two-hundred day moving average of $44.45. VanEck Oil Refiners ETF has a 1-year low of $31.38 and a 1-year high of $51.99.

Institutional Trading of VanEck Oil Refiners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC increased its holdings in shares of VanEck Oil Refiners ETF by 42.2% during the 1st quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock worth $942,000 after buying an additional 5,660 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in VanEck Oil Refiners ETF during the 1st quarter worth $1,792,000. Journey Advisory Group LLC boosted its position in VanEck Oil Refiners ETF by 135.5% during the 1st quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after purchasing an additional 134,273 shares during the period. Sanctuary Advisors LLC purchased a new stake in VanEck Oil Refiners ETF during the 1st quarter worth $328,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in VanEck Oil Refiners ETF during the 1st quarter worth $1,077,000.

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.