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

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

Institutional Investors Weigh In On VanEck Oil Refiners ETF

Several large investors have recently bought and sold shares of CRAK. Journey Advisory Group LLC boosted its stake in shares of 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 during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in VanEck Oil Refiners ETF during the 1st quarter worth $1,792,000. GeoWealth Management LLC purchased a new stake in shares of VanEck Oil Refiners ETF during the fourth quarter worth $1,000,000. Equitable Holdings Inc. acquired a new stake in shares of VanEck Oil Refiners ETF in the fourth quarter valued at about $981,000. Finally, J. Safra Sarasin Holding AG purchased a new position in shares of VanEck Oil Refiners ETF in the first quarter worth about $1,077,000.

VanEck Oil Refiners ETF Trading Down 1.0%

CRAK traded down $0.56 during midday trading on Friday, hitting $55.14. 308,475 shares of the company traded hands, compared to its average volume of 120,928. The company has a market capitalization of $194.64 million, a price-to-earnings ratio of 13.16 and a beta of 0.53. VanEck Oil Refiners ETF has a 52-week low of $32.77 and a 52-week high of $56.85. The business has a 50 day simple moving average of $49.11 and a two-hundred day simple moving average of $46.83.

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.