VanEck Oil Refiners ETF (NYSEARCA:CRAK) Short Interest Up 1,148.8% in July

VanEck Oil Refiners ETF (NYSEARCA:CRAK) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 62,763 shares, an increase of 1,148.8% from the June 30th total of 5,026 shares. Based on an average daily trading volume, of 181,744 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.8% of the company’s shares are short sold.

VanEck Oil Refiners ETF Stock Down 1.0%

Shares of VanEck Oil Refiners ETF stock traded down $0.56 during trading on Friday, hitting $55.14. The stock had a trading volume of 308,475 shares, compared to its average volume of 120,928. VanEck Oil Refiners ETF has a 1 year low of $32.77 and a 1 year high of $56.85. The stock has a 50 day simple moving average of $49.11 and a 200 day simple moving average of $46.83. The company has a market capitalization of $194.64 million, a PE ratio of 13.16 and a beta of 0.53.

Institutional Trading of VanEck Oil Refiners ETF

Hedge funds have recently modified their holdings of the business. Journey Advisory Group LLC grew its holdings in shares of VanEck Oil Refiners ETF by 135.5% during the first quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock valued at $11,529,000 after buying an additional 134,273 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in VanEck Oil Refiners ETF during the 1st quarter valued at about $1,077,000. Western Wealth Management LLC acquired a new position in shares of VanEck Oil Refiners ETF in the 4th quarter valued at about $503,000. The Manufacturers Life Insurance Company acquired a new position in shares of VanEck Oil Refiners ETF in the 1st quarter valued at about $1,792,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of VanEck Oil Refiners ETF in the first quarter worth approximately $328,000.

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.