VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 418,614 shares, a growth of 88.6% from the September 30th total of 221,958 shares. Based on an average daily volume of 727,878 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.4% of the company’s stock are short sold.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Community Financial Services Group LLC acquired a new stake in VanEck Oil Refiners ETF in the second quarter valued at about $29,000. Fifth Third Bancorp bought a new stake in shares of VanEck Oil Refiners ETF in the 1st quarter valued at $40,000. Farther Finance Advisors LLC acquired a new stake in VanEck Oil Refiners ETF in the third quarter valued at approximately $128,000. Simplicity Wealth LLC acquired a new position in VanEck Oil Refiners ETF during the 3rd quarter valued at about $216,000. Finally, Sigma Planning Corp bought a new position in shares of VanEck Oil Refiners ETF during the third quarter valued at about $220,000.
VanEck Oil Refiners ETF Stock Up 1.4%
CRAK stock opened at $62.16 on Friday. The business has a 50 day moving average price of $64.12 and a two-hundred day moving average price of $52.33. VanEck Oil Refiners ETF has a twelve month low of $37.26 and a twelve month high of $68.37. The company has a market cap of $758.35 million, a price-to-earnings ratio of 13.16 and a beta of 0.56.
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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