VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Significant Growth in Short Interest

VanEck Oil Refiners ETF (NYSEARCA:CRAK) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 127,772 shares, a growth of 73.3% from the February 26th total of 73,717 shares. Based on an average daily trading volume, of 172,905 shares, the days-to-cover ratio is currently 0.7 days. Approximately 6.7% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Signal Advisors Wealth LLC acquired a new stake in VanEck Oil Refiners ETF during the 4th quarter worth about $231,000. Farther Finance Advisors LLC acquired a new position in shares of VanEck Oil Refiners ETF in the 4th quarter valued at about $77,000. Western Wealth Management LLC acquired a new position in shares of VanEck Oil Refiners ETF in the 4th quarter valued at about $503,000. Jane Street Group LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 4th quarter valued at about $291,000. Finally, GeoWealth Management LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 4th quarter valued at about $1,000,000.

VanEck Oil Refiners ETF Stock Performance

Shares of NYSEARCA CRAK traded up $0.03 during midday trading on Friday, reaching $48.77. The company’s stock had a trading volume of 214,490 shares, compared to its average volume of 100,786. The company has a market cap of $92.66 million, a P/E ratio of 13.16 and a beta of 0.82. The business’s 50 day moving average price is $44.83 and its two-hundred day moving average price is $40.66. VanEck Oil Refiners ETF has a fifty-two week low of $24.17 and a fifty-two week high of $49.19.

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.