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

VanEck Oil Refiners ETF (NYSEARCA:CRAK) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 26,972 shares, a decrease of 80.2% from the May 14th total of 136,457 shares. Based on an average daily volume of 124,917 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Journey Advisory Group LLC lifted its stake in shares of VanEck Oil Refiners ETF by 135.5% during 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 acquired a new stake in shares of VanEck Oil Refiners ETF during the 1st quarter worth $1,792,000. Flow Traders U.S. LLC increased its holdings in shares of VanEck Oil Refiners ETF by 46.0% during the 3rd quarter. Flow Traders U.S. LLC now owns 32,510 shares of the company’s stock worth $1,193,000 after buying an additional 10,239 shares during the last quarter. LPL Financial LLC increased its holdings in shares of VanEck Oil Refiners ETF by 38.3% during the 4th quarter. LPL Financial LLC now owns 28,662 shares of the company’s stock worth $1,075,000 after buying an additional 7,930 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new stake in shares of VanEck Oil Refiners ETF during the 4th quarter worth $1,000,000.

VanEck Oil Refiners ETF Trading Up 0.8%

Shares of VanEck Oil Refiners ETF stock traded up $0.39 during trading hours on Wednesday, reaching $47.97. 67,840 shares of the company’s stock were exchanged, compared to its average volume of 102,198. VanEck Oil Refiners ETF has a 52-week low of $31.38 and a 52-week high of $51.99. The firm has a market capitalization of $140.07 million, a price-to-earnings ratio of 13.16 and a beta of 0.52. The company has a fifty day moving average of $48.70 and a 200-day moving average of $44.45.

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.