Short Interest in VanEck Oil Refiners ETF (NYSEARCA:CRAK) Declines By 80.2%

VanEck Oil Refiners ETF (NYSEARCA:CRAKGet Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 26,972 shares, a decrease of 80.2% from the May 14th total of 136,457 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 124,917 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of VanEck Oil Refiners ETF

A number of hedge funds have recently bought and sold shares of CRAK. Journey Advisory Group LLC boosted its position in 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 worth $11,529,000 after acquiring an additional 134,273 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in VanEck Oil Refiners ETF during the first quarter worth approximately $1,792,000. GeoWealth Management LLC acquired a new stake in VanEck Oil Refiners ETF during the fourth quarter worth approximately $1,000,000. Equitable Holdings Inc. acquired a new stake in VanEck Oil Refiners ETF during the fourth quarter worth approximately $981,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in VanEck Oil Refiners ETF during the first quarter worth approximately $1,077,000.

VanEck Oil Refiners ETF Stock Performance

NYSEARCA CRAK traded up $0.01 during mid-day trading on Friday, reaching $48.48. 53,518 shares of the stock were exchanged, compared to its average volume of 101,222. VanEck Oil Refiners ETF has a 1-year low of $31.70 and a 1-year high of $51.99. The business’s fifty day simple moving average is $48.66 and its 200 day simple moving average is $44.57. The stock has a market capitalization of $141.56 million, a PE ratio of 13.16 and a beta of 0.52.

VanEck Oil Refiners ETF Company Profile

(Get Free Report)

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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