VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) saw unusually-high trading volume on Monday. 314,715 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 254,541 shares. The stock last traded at $66.9790 and had previously closed at $67.34.
VanEck Oil Refiners ETF Trading Down 0.6%
The firm’s 50 day moving average is $63.19 and its two-hundred day moving average is $54.33. The stock has a market cap of $751.62 million, a price-to-earnings ratio of 13.16 and a beta of 0.56.
Hedge Funds Weigh In On VanEck Oil Refiners ETF
Several large investors have recently added to or reduced their stakes in CRAK. Ayalon Insurance Comp Ltd. purchased a new position in shares of VanEck Oil Refiners ETF during the 3rd quarter worth about $16,054,000. Journey Advisory Group LLC lifted its stake in shares of VanEck Oil Refiners ETF by 135.5% during the first 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 in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $1,792,000. J. Safra Sarasin Holding AG purchased a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at approximately $1,077,000. Finally, Western Wealth Management LLC raised its stake in shares of VanEck Oil Refiners ETF by 42.2% during the first quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock valued at $942,000 after purchasing an additional 5,660 shares during the period.
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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