VanEck Oil Refiners ETF Target of Unusually High Options Trading (NYSEARCA:CRAK)

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the target of some unusual options trading on Wednesday. Traders acquired 2,985 call options on the company. This is an increase of approximately 993% compared to the average daily volume of 273 call options.

VanEck Oil Refiners ETF Stock Performance

VanEck Oil Refiners ETF stock traded up $0.19 during midday trading on Wednesday, reaching $59.38. 358,234 shares of the stock were exchanged, compared to its average volume of 159,323. VanEck Oil Refiners ETF has a 52 week low of $34.90 and a 52 week high of $61.06. The firm has a market cap of $261.27 million, a PE ratio of 13.16 and a beta of 0.52. The company’s fifty day moving average is $52.80 and its 200-day moving average is $49.41.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its stake in shares of VanEck Oil Refiners ETF by 25.0% during the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock valued at $92,000 after purchasing an additional 500 shares during the period. Community Financial Services Group LLC purchased a new position in VanEck Oil Refiners ETF during the second quarter valued at $29,000. Fifth Third Bancorp bought a new position in VanEck Oil Refiners ETF in the 1st quarter worth about $40,000. Farther Finance Advisors LLC bought a new stake in VanEck Oil Refiners ETF during the 4th quarter valued at about $77,000. Finally, Raymond James Financial Inc. purchased a new position in VanEck Oil Refiners ETF in the second quarter worth about $121,000.

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.