VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,026 shares, a decline of 83.7% from the June 15th total of 30,826 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 61,671 shares, the short-interest ratio is currently 0.1 days.
VanEck Oil Refiners ETF Trading Up 3.2%
NYSEARCA CRAK traded up $1.63 on Monday, reaching $51.96. The company’s stock had a trading volume of 135,847 shares, compared to its average volume of 103,251. The firm has a market cap of $163.67 million, a PE ratio of 13.16 and a beta of 0.53. The business has a 50-day moving average price of $48.26 and a 200 day moving average price of $45.73. VanEck Oil Refiners ETF has a 52 week low of $32.77 and a 52 week high of $52.04.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in VanEck Oil Refiners ETF during the 4th quarter worth about $503,000. Journey Advisory Group LLC acquired a new position in VanEck Oil Refiners ETF in the fourth quarter valued at about $3,717,000. Farther Finance Advisors LLC bought a new stake in VanEck Oil Refiners ETF during the 4th quarter worth approximately $77,000. Signal Advisors Wealth LLC acquired a new stake in shares of VanEck Oil Refiners ETF during the fourth quarter worth $231,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of VanEck Oil Refiners ETF during the 1st quarter worth approximately $1,792,000.
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.
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