VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors acquired 2,985 call options on the stock. This is an increase of approximately 993% compared to the average volume of 273 call options.
VanEck Oil Refiners ETF Trading Up 0.3%
NYSEARCA:CRAK traded up $0.19 during trading hours on Wednesday, hitting $59.38. 358,234 shares of the company were exchanged, compared to its average volume of 159,323. The stock has a market capitalization of $261.27 million, a price-to-earnings ratio of 13.16 and a beta of 0.52. The company has a fifty day simple moving average of $52.80 and a 200 day simple moving average of $49.41. VanEck Oil Refiners ETF has a one year low of $34.90 and a one year high of $61.06.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Community Financial Services Group LLC bought a new stake in VanEck Oil Refiners ETF during the second quarter valued at $29,000. Fifth Third Bancorp acquired a new stake in VanEck Oil Refiners ETF in the 1st quarter valued at $40,000. Farther Finance Advisors LLC purchased a new stake in VanEck Oil Refiners ETF in the 4th quarter valued at about $77,000. Sunbelt Securities Inc. raised its position in VanEck Oil Refiners ETF by 25.0% in the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock worth $92,000 after acquiring an additional 500 shares during the period. Finally, Raymond James Financial Inc. bought a new position in VanEck Oil Refiners ETF during the second quarter valued at $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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