Short Interest in VanEck Oil Refiners ETF (NYSEARCA:CRAK) Increases By 501.3%

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 377,396 shares, an increase of 501.3% from the July 15th total of 62,763 shares. Approximately 8.6% of the company’s stock are sold short. Based on an average daily trading volume, of 445,584 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On VanEck Oil Refiners ETF

A number of institutional investors have recently bought and sold shares of the business. Community Financial Services Group LLC acquired a new position in shares of VanEck Oil Refiners ETF in the 2nd quarter valued at about $29,000. Fifth Third Bancorp acquired a new stake in shares of VanEck Oil Refiners ETF during the first quarter worth approximately $40,000. Farther Finance Advisors LLC purchased a new position in VanEck Oil Refiners ETF during the fourth quarter valued at approximately $77,000. Sunbelt Securities Inc. grew its position in 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in VanEck Oil Refiners ETF in the 2nd quarter valued at approximately $121,000.

VanEck Oil Refiners ETF Stock Performance

Shares of CRAK stock traded up $0.31 on Thursday, reaching $58.33. 200,736 shares of the company’s stock traded hands, compared to its average volume of 145,845. VanEck Oil Refiners ETF has a 12-month low of $33.54 and a 12-month high of $58.38. The company has a market capitalization of $256.65 million, a P/E ratio of 13.16 and a beta of 0.52. The business’s 50 day moving average price is $50.71 and its two-hundred day moving average price is $48.28.

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.