VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,026 shares, a decline of 83.7% from the June 15th total of 30,826 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 61,671 shares, the days-to-cover ratio is presently 0.1 days.
VanEck Oil Refiners ETF Trading Up 3.3%
CRAK stock traded up $1.64 during midday trading on Monday, reaching $51.97. 127,439 shares of the company’s stock traded hands, compared to its average volume of 103,102. VanEck Oil Refiners ETF has a 52-week low of $32.77 and a 52-week high of $52.04. The stock has a market cap of $163.71 million, a P/E ratio of 13.16 and a beta of 0.53. The stock’s 50-day moving average is $48.26 and its 200 day moving average is $45.73.
Institutional Investors Weigh In On VanEck Oil Refiners ETF
A number of hedge funds have recently modified their holdings of the business. Journey Advisory Group LLC raised its holdings in VanEck Oil Refiners ETF by 135.5% in the 1st quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock worth $11,529,000 after purchasing an additional 134,273 shares during the period. The Manufacturers Life Insurance Company bought a new stake in VanEck Oil Refiners ETF during the first quarter valued at about $1,792,000. GeoWealth Management LLC purchased a new stake in VanEck Oil Refiners ETF in the fourth quarter worth about $1,000,000. Equitable Holdings Inc. purchased a new stake in VanEck Oil Refiners ETF in the fourth quarter worth about $981,000. Finally, J. Safra Sarasin Holding AG bought a new position in shares of VanEck Oil Refiners ETF in the first quarter worth about $1,077,000.
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.
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