Short Interest in VanEck Oil Refiners ETF (NYSEARCA:CRAK) Drops By 53.3%

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 176,090 shares, a decline of 53.3% from the July 30th total of 377,396 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 350,952 shares, the short-interest ratio is presently 0.5 days.

VanEck Oil Refiners ETF Stock Performance

NYSEARCA CRAK traded up $1.03 on Friday, reaching $60.19. The company’s stock had a trading volume of 325,695 shares, compared to its average volume of 161,957. VanEck Oil Refiners ETF has a twelve month low of $35.06 and a twelve month high of $61.06. The stock has a market cap of $264.84 million, a PE ratio of 13.16 and a beta of 0.52. The firm’s 50 day moving average is $53.64 and its two-hundred day moving average is $49.71.

Institutional Trading of VanEck Oil Refiners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its stake in VanEck Oil Refiners ETF by 25.0% during the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock valued at $92,000 after purchasing an additional 500 shares during the last quarter. Community Financial Services Group LLC acquired a new stake in shares of VanEck Oil Refiners ETF during the 2nd quarter valued at $29,000. Fifth Third Bancorp acquired a new stake in shares of VanEck Oil Refiners ETF during the 1st quarter valued at $40,000. Farther Finance Advisors LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 4th quarter worth $77,000. Finally, Raymond James Financial Inc. bought a new stake in shares of VanEck Oil Refiners ETF during the 2nd quarter worth $121,000.

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.