VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Large Volume Increase – Here’s What Happened

VanEck Oil Refiners ETF (NYSEARCA:CRAK) shares saw unusually-strong trading volume on Wednesday. Approximately 486,033 shares changed hands during trading, an increase of 114% from the previous session’s volume of 227,120 shares. The stock last traded at $65.6180 and had previously closed at $65.33.

VanEck Oil Refiners ETF Stock Performance

The stock has a market cap of $686.00 million, a price-to-earnings ratio of 13.16 and a beta of 0.56. The business’s fifty day simple moving average is $61.20 and its 200 day simple moving average is $53.29.

Institutional Trading of VanEck Oil Refiners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Community Financial Services Group LLC bought a new stake in shares of VanEck Oil Refiners ETF in the second quarter worth $29,000. Fifth Third Bancorp acquired a new stake in VanEck Oil Refiners ETF in the first quarter valued at $40,000. Ferguson Shapiro LLC bought a new position in VanEck Oil Refiners ETF during the 1st quarter valued at $207,000. Westhampton Capital LLC acquired a new position in VanEck Oil Refiners ETF during the 1st quarter worth $247,000. Finally, 4WEALTH Advisors Inc. acquired a new position in VanEck Oil Refiners ETF during the 1st quarter worth $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.