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

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 74,821 shares, an increase of 26.2% from the December 15th total of 59,277 shares. Based on an average daily volume of 16,964 shares, the short-interest ratio is currently 4.4 days. Currently, 6.1% of the company’s stock are short sold. Currently, 6.1% of the company’s stock are short sold. Based on an average daily volume of 16,964 shares, the short-interest ratio is currently 4.4 days.

Institutional Trading of VanEck Oil Refiners ETF

Several institutional investors have recently added to or reduced their stakes in CRAK. Sunbelt Securities Inc. raised its stake in 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 acquiring an additional 500 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of VanEck Oil Refiners ETF in the 2nd quarter worth approximately $121,000. Signal Advisors Wealth LLC acquired a new position in shares of VanEck Oil Refiners ETF during the 4th quarter valued at $231,000. Flow Traders U.S. LLC lifted its holdings in VanEck Oil Refiners ETF by 46.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 32,510 shares of the company’s stock valued at $1,193,000 after acquiring an additional 10,239 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of VanEck Oil Refiners ETF by 17.3% in the second quarter. Cetera Investment Advisers now owns 116,408 shares of the company’s stock valued at $3,818,000 after buying an additional 17,188 shares in the last quarter.

VanEck Oil Refiners ETF Stock Performance

Shares of CRAK stock traded down $0.39 on Friday, hitting $39.90. The stock had a trading volume of 63,745 shares, compared to its average volume of 113,950. VanEck Oil Refiners ETF has a 52-week low of $24.17 and a 52-week high of $41.49. The firm has a market capitalization of $67.83 million, a price-to-earnings ratio of 13.16 and a beta of 0.82. The stock’s 50 day moving average is $39.24 and its 200-day moving average is $37.01.

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.