VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 62,763 shares, an increase of 1,148.8% from the June 30th total of 5,026 shares. Based on an average daily trading volume, of 181,744 shares, the short-interest ratio is currently 0.3 days. Approximately 1.8% of the company’s stock are sold short.
VanEck Oil Refiners ETF Stock Down 1.0%
Shares of NYSEARCA:CRAK traded down $0.56 during midday trading on Friday, reaching $55.14. The company’s stock had a trading volume of 308,475 shares, compared to its average volume of 120,928. The firm has a 50 day moving average of $49.11 and a 200-day moving average of $46.83. The firm has a market capitalization of $194.64 million, a P/E ratio of 13.16 and a beta of 0.53. VanEck Oil Refiners ETF has a 12-month low of $32.77 and a 12-month high of $56.85.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
Several hedge funds have recently bought and sold shares of CRAK. Sunbelt Securities Inc. increased its stake in shares of VanEck Oil Refiners ETF by 25.0% during the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock valued at $92,000 after purchasing an additional 500 shares in the last quarter. Community Financial Services Group LLC purchased a new position in shares of VanEck Oil Refiners ETF during the second quarter valued at approximately $29,000. Fifth Third Bancorp bought a new stake in shares of VanEck Oil Refiners ETF in the 1st quarter worth approximately $40,000. Farther Finance Advisors LLC bought a new stake in shares of VanEck Oil Refiners ETF in the 4th quarter worth approximately $77,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of VanEck Oil Refiners ETF in the 2nd quarter worth approximately $121,000.
VanEck Oil Refiners ETF Company Profile
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.
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