VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 91,895 shares, a decrease of 47.8% from the August 15th total of 176,090 shares. Based on an average daily trading volume, of 397,835 shares, the short-interest ratio is presently 0.2 days. Currently, 2.1% of the company’s stock are sold short.
VanEck Oil Refiners ETF Price Performance
VanEck Oil Refiners ETF stock traded down $0.31 during midday trading on Wednesday, reaching $65.24. The company’s stock had a trading volume of 421,092 shares, compared to its average volume of 193,547. The stock has a market capitalization of $525.83 million, a P/E ratio of 13.16 and a beta of 0.54. The stock’s 50-day simple moving average is $58.14 and its 200-day simple moving average is $51.54. VanEck Oil Refiners ETF has a 52-week low of $35.50 and a 52-week high of $66.58.
Hedge Funds Weigh In On VanEck Oil Refiners ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Community Financial Services Group LLC acquired a new position in VanEck Oil Refiners ETF during the 2nd quarter valued at approximately $29,000. Fifth Third Bancorp acquired a new stake in shares of VanEck Oil Refiners ETF during the first quarter worth $40,000. Ferguson Shapiro LLC purchased a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at $207,000. Westhampton Capital LLC purchased a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at $247,000. Finally, 4WEALTH Advisors Inc. purchased a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at $248,000.
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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