VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 265,189 shares, an increase of 188.6% from the August 31st total of 91,895 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 665,754 shares, the days-to-cover ratio is currently 0.4 days.
VanEck Oil Refiners ETF Price Performance
Shares of NYSEARCA:CRAK traded up $0.04 during trading on Friday, reaching $64.20. The stock had a trading volume of 497,320 shares, compared to its average volume of 220,481. The stock has a market capitalization of $605.41 million, a PE ratio of 13.16 and a beta of 0.54. VanEck Oil Refiners ETF has a 52 week low of $35.50 and a 52 week high of $66.59. The business’s 50-day moving average price is $59.90 and its 200 day moving average price is $52.42.
Institutional Trading of VanEck Oil Refiners ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Journey Advisory Group LLC grew its position 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 period. The Manufacturers Life Insurance Company acquired a new position in VanEck Oil Refiners ETF in the first quarter valued at approximately $1,792,000. J. Safra Sarasin Holding AG bought a new position in VanEck Oil Refiners ETF in the first quarter valued at approximately $1,077,000. Sanctuary Advisors LLC bought a new position in VanEck Oil Refiners ETF in the first quarter valued at approximately $328,000. Finally, Western Wealth Management LLC grew its holdings in 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 acquiring an additional 5,660 shares during the period.
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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