VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Large Growth in Short Interest
by Danessa Lincoln · The Markets DailyVanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 377,396 shares, an increase of 501.3% from the July 15th total of 62,763 shares. Based on an average daily volume of 445,584 shares, the short-interest ratio is presently 0.8 days. Approximately 8.6% of the shares of the stock are short sold.
VanEck Oil Refiners ETF Stock Performance
CRAK stock opened at $58.44 on Friday. The company has a market capitalization of $257.14 million, a PE ratio of 13.16 and a beta of 0.52. VanEck Oil Refiners ETF has a one year low of $33.54 and a one year high of $58.45. The company’s fifty day moving average price is $50.88 and its 200-day moving average price is $48.40.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in VanEck Oil Refiners ETF during the second quarter valued at approximately $121,000. Flow Traders U.S. LLC boosted its stake in shares of VanEck Oil Refiners ETF by 46.0% during the third quarter. Flow Traders U.S. LLC now owns 32,510 shares of the company’s stock valued at $1,193,000 after purchasing an additional 10,239 shares during the period. Sunbelt Securities Inc. boosted its position in VanEck Oil Refiners ETF by 25.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock valued at $92,000 after buying an additional 500 shares during the period. Farther Finance Advisors LLC bought a new position in VanEck Oil Refiners ETF in the fourth quarter worth approximately $77,000. Finally, Journey Advisory Group LLC bought a new position in shares of VanEck Oil Refiners ETF during the 4th quarter worth $3,717,000.
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.