VanEck Oil Refiners ETF (NYSEARCA:CRAK) Short Interest Update

VanEck Oil Refiners ETF (NYSEARCA:CRAK) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 62,763 shares, an increase of 1,148.8% from the June 30th total of 5,026 shares. Based on an average daily trading volume, of 181,744 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.8% of the company’s stock are short sold.

VanEck Oil Refiners ETF Stock Performance

Shares of NYSEARCA CRAK traded down $0.56 during mid-day trading on Friday, reaching $55.14. The company had a trading volume of 308,475 shares, compared to its average volume of 120,928. The stock has a market capitalization of $194.64 million, a PE ratio of 13.16 and a beta of 0.53. VanEck Oil Refiners ETF has a twelve month low of $32.77 and a twelve month high of $56.85. The stock’s 50 day moving average is $49.11 and its 200-day moving average is $46.83.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRAK. Journey Advisory Group LLC grew its position in VanEck Oil Refiners ETF by 135.5% in 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 in the last quarter. J. Safra Sarasin Holding AG acquired a new position in shares of VanEck Oil Refiners ETF during the 1st quarter worth $1,077,000. Western Wealth Management LLC bought a new position in shares of VanEck Oil Refiners ETF during the 4th quarter valued at $503,000. The Manufacturers Life Insurance Company bought a new position in shares of VanEck Oil Refiners ETF during the 1st quarter valued at $1,792,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of VanEck Oil Refiners ETF in the 1st quarter valued at $328,000.

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.