VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Significant Growth in Short Interest

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

Hedge Funds Weigh In On VanEck Oil Refiners ETF

Several large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. grew its stake in shares of VanEck Oil Refiners ETF by 25.0% during the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock worth $92,000 after purchasing an additional 500 shares during the period. Community Financial Services Group LLC acquired a new position in VanEck Oil Refiners ETF in the second quarter valued at about $29,000. Fifth Third Bancorp bought a new position in VanEck Oil Refiners ETF during the first quarter worth about $40,000. Farther Finance Advisors LLC bought a new position in VanEck Oil Refiners ETF during the fourth quarter worth about $77,000. Finally, Raymond James Financial Inc. bought a new position in VanEck Oil Refiners ETF during the second quarter worth about $121,000.

VanEck Oil Refiners ETF Stock Performance

VanEck Oil Refiners ETF stock traded up $0.36 during trading hours on Wednesday, reaching $57.63. 100,797 shares of the company’s stock traded hands, compared to its average volume of 144,668. The firm has a market capitalization of $253.57 million, a price-to-earnings ratio of 13.16 and a beta of 0.52. VanEck Oil Refiners ETF has a fifty-two week low of $33.54 and a fifty-two week high of $57.91. The firm’s 50 day moving average is $50.55 and its 200-day moving average is $48.16.

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.