VanEck Oil Refiners ETF (NYSEARCA:CRAK) Short Interest Update

VanEck Oil Refiners ETF (NYSEARCA:CRAKGet Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 26,972 shares, a drop of 80.2% from the May 14th total of 136,457 shares. Based on an average daily trading volume, of 124,917 shares, the short-interest ratio is currently 0.2 days. Approximately 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CRAK. Fifth Third Bancorp purchased a new position in VanEck Oil Refiners ETF in the 1st quarter valued at $40,000. Farther Finance Advisors LLC purchased a new position in VanEck Oil Refiners ETF in the 4th quarter valued at $77,000. Sunbelt Securities Inc. boosted its position in shares of VanEck Oil Refiners ETF by 25.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock worth $92,000 after purchasing an additional 500 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of VanEck Oil Refiners ETF during the 2nd quarter worth $121,000. Finally, Vaughan David Investments LLC IL purchased a new stake in shares of VanEck Oil Refiners ETF during the 4th quarter worth $203,000.

VanEck Oil Refiners ETF Stock Up 1.0%

NYSEARCA:CRAK traded up $0.50 during midday trading on Thursday, reaching $48.47. The stock had a trading volume of 41,388 shares, compared to its average volume of 101,651. The firm has a fifty day simple moving average of $48.66 and a two-hundred day simple moving average of $44.57. VanEck Oil Refiners ETF has a 12-month low of $31.52 and a 12-month high of $51.99. The stock has a market cap of $141.53 million, a P/E ratio of 13.16 and a beta of 0.52.

About VanEck Oil Refiners ETF

(Get Free Report)

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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