VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 418,614 shares, an increase of 88.6% from the September 30th total of 221,958 shares. Based on an average daily trading volume, of 727,878 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.4% of the company’s stock are short sold.
VanEck Oil Refiners ETF Trading Down 1.9%
CRAK opened at $60.97 on Tuesday. The firm’s 50 day simple moving average is $64.12 and its two-hundred day simple moving average is $52.44. The company has a market capitalization of $743.83 million, a PE ratio of 13.16 and a beta of 0.56. VanEck Oil Refiners ETF has a 1-year low of $37.26 and a 1-year high of $68.37.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
Several institutional investors have recently bought and sold shares of the company. Ayalon Insurance Comp Ltd. acquired a new stake in shares of VanEck Oil Refiners ETF during the third quarter worth $16,054,000. Journey Advisory Group LLC lifted its holdings in VanEck Oil Refiners ETF by 135.5% during the 1st quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after buying an additional 134,273 shares in the last quarter. Convergence Financial LLC purchased a new stake in shares of VanEck Oil Refiners ETF in the 3rd quarter valued at approximately $3,551,000. Founders Financial Securities LLC acquired a new stake in VanEck Oil Refiners ETF during the 3rd quarter worth $3,533,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of VanEck Oil Refiners ETF during the third quarter worth approximately $1,834,000.
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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