VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Large Volume Increase – Time to Buy?

VanEck Oil Refiners ETF (NYSEARCA:CRAK) saw unusually-strong trading volume on Monday. Approximately 314,715 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 254,541 shares. The stock last traded at $66.9790 and had previously closed at $67.34.

VanEck Oil Refiners ETF Stock Performance

The stock has a market capitalization of $786.54 million, a PE ratio of 13.16 and a beta of 0.56. The stock has a 50-day moving average price of $63.57 and a two-hundred day moving average price of $54.58.

Institutional Investors Weigh In On VanEck Oil Refiners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Community Financial Services Group LLC bought a new stake in shares of VanEck Oil Refiners ETF during the 2nd quarter valued at $29,000. Fifth Third Bancorp purchased a new position in shares of VanEck Oil Refiners ETF during the 1st quarter valued at $40,000. Farther Finance Advisors LLC purchased a new position in shares of VanEck Oil Refiners ETF during the 3rd quarter valued at $128,000. Milestone Asset Management LLC bought a new position in VanEck Oil Refiners ETF in the 3rd quarter worth $222,000. Finally, TD Waterhouse Canada Inc. bought a new position in VanEck Oil Refiners ETF in the 3rd quarter worth $227,000.

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.