VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Unusually-High Trading Volume – Here’s What Happened

VanEck Oil Refiners ETF (NYSEARCA:CRAK) saw strong trading volume on Tuesday. Approximately 223,255 shares changed hands during trading, a decline of 7% from the previous session’s volume of 240,992 shares. The stock last traded at $67.0060 and had previously closed at $65.81.

VanEck Oil Refiners ETF Trading Up 0.3%

The stock’s 50-day moving average is $62.68 and its 200-day moving average is $54.07. The stock has a market cap of $712.17 million, a price-to-earnings ratio of 13.16 and a beta of 0.56.

Institutional Investors Weigh In On VanEck Oil Refiners ETF

Institutional investors have recently bought and sold shares of the business. Ayalon Insurance Comp Ltd. acquired a new position in shares of VanEck Oil Refiners ETF during the 3rd quarter valued at $16,054,000. Journey Advisory Group LLC increased its holdings in VanEck Oil Refiners ETF by 135.5% in the 1st quarter. Journey Advisory Group LLC now owns 233,373 shares of the company’s stock valued at $11,529,000 after purchasing an additional 134,273 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in VanEck Oil Refiners ETF in the 1st quarter valued at $1,792,000. J. Safra Sarasin Holding AG purchased a new position in VanEck Oil Refiners ETF in the first quarter valued at about $1,077,000. Finally, Western Wealth Management LLC raised its position in VanEck Oil Refiners ETF by 42.2% in 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.