VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,026 shares, a decline of 83.7% from the June 15th total of 30,826 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 61,671 shares, the days-to-cover ratio is presently 0.1 days.
VanEck Oil Refiners ETF Stock Performance
CRAK traded up $0.46 during trading hours on Friday, reaching $50.33. The company’s stock had a trading volume of 200,768 shares, compared to its average volume of 103,040. The company’s 50-day moving average is $48.26 and its 200-day moving average is $45.67. VanEck Oil Refiners ETF has a 52 week low of $32.77 and a 52 week high of $51.99. The firm has a market cap of $158.54 million, a PE ratio of 13.16 and a beta of 0.53.
Hedge Funds Weigh In On VanEck Oil Refiners ETF
Several large investors have recently modified their holdings of the stock. Journey Advisory Group LLC lifted its stake in shares of 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 buying an additional 134,273 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in VanEck Oil Refiners ETF during the first quarter worth approximately $1,792,000. Flow Traders U.S. LLC boosted its holdings in shares of VanEck Oil Refiners ETF by 46.0% during the third 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 period. LPL Financial LLC boosted its holdings in shares of VanEck Oil Refiners ETF by 38.3% during the fourth quarter. LPL Financial LLC now owns 28,662 shares of the company’s stock worth $1,075,000 after acquiring an additional 7,930 shares during the period. Finally, GeoWealth Management LLC acquired a new position in shares of VanEck Oil Refiners ETF in the fourth quarter valued at approximately $1,000,000.
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.
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