VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 91,895 shares, a decline of 47.8% from the August 15th total of 176,090 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 397,835 shares, the days-to-cover ratio is presently 0.2 days.
VanEck Oil Refiners ETF Trading Up 1.6%
NYSEARCA:CRAK traded up $1.02 during midday trading on Tuesday, hitting $65.47. 302,737 shares of the company traded hands, compared to its average volume of 190,735. The firm has a market capitalization of $288.09 million, a P/E ratio of 13.16 and a beta of 0.54. The firm’s fifty day moving average is $57.50 and its 200-day moving average is $51.25. VanEck Oil Refiners ETF has a 12-month low of $35.50 and a 12-month high of $66.58.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
Several institutional investors have recently made changes to their positions in the company. Community Financial Services Group LLC purchased a new position in shares of VanEck Oil Refiners ETF during the 2nd quarter worth about $29,000. Fifth Third Bancorp bought a new stake in VanEck Oil Refiners ETF in the first quarter worth about $40,000. Ferguson Shapiro LLC purchased a new position in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $207,000. Westhampton Capital LLC purchased a new position in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $247,000. Finally, 4WEALTH Advisors Inc. bought a new position in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $248,000.
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.
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