VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 265,189 shares, an increase of 188.6% from the August 31st total of 91,895 shares. Based on an average daily volume of 665,754 shares, the short-interest ratio is presently 0.4 days. Currently, 2.9% of the company’s shares are short sold.
VanEck Oil Refiners ETF Stock Performance
NYSEARCA:CRAK traded up $0.04 during trading hours on Friday, reaching $64.20. The company’s stock had a trading volume of 497,320 shares, compared to its average volume of 220,481. The firm has a market capitalization of $605.41 million, a price-to-earnings ratio of 13.16 and a beta of 0.54. The firm has a 50-day simple moving average of $59.90 and a 200-day simple moving average of $52.42. VanEck Oil Refiners ETF has a 1 year low of $35.50 and a 1 year high of $66.59.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Community Financial Services Group LLC purchased a new position in shares of VanEck Oil Refiners ETF in the second quarter worth about $29,000. Fifth Third Bancorp purchased a new stake in VanEck Oil Refiners ETF during the 1st quarter valued at about $40,000. Ferguson Shapiro LLC purchased a new stake in VanEck Oil Refiners ETF during the 1st quarter valued at about $207,000. Westhampton Capital LLC bought a new position in VanEck Oil Refiners ETF during the 1st quarter worth approximately $247,000. Finally, 4WEALTH Advisors Inc. bought a new position in VanEck Oil Refiners ETF during the 1st quarter worth approximately $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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