VanEck Oil Refiners ETF (NYSEARCA:CRAK) Sees Unusually-High Trading Volume – Time to Buy?

VanEck Oil Refiners ETF (NYSEARCA:CRAK) shares saw unusually-high trading volume on Friday . 135,829 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 194,873 shares.The stock last traded at $65.6950 and had previously closed at $66.46.

VanEck Oil Refiners ETF Stock Down 0.7%

The company has a 50-day moving average of $58.47 and a 200 day moving average of $51.69. The stock has a market capitalization of $531.68 million, a PE ratio of 13.16 and a beta of 0.54.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. J. Safra Sarasin Holding AG purchased a new position in VanEck Oil Refiners ETF in the 1st quarter worth approximately $1,077,000. Journey Advisory Group LLC lifted its position in 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 buying an additional 134,273 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in VanEck Oil Refiners ETF during the first quarter worth $1,792,000. Community Financial Services Group LLC acquired a new position in VanEck Oil Refiners ETF during the second quarter worth $29,000. Finally, Western Wealth Management LLC grew its holdings in VanEck Oil Refiners ETF by 42.2% in the 1st quarter. Western Wealth Management LLC now owns 19,078 shares of the company’s stock valued at $942,000 after buying an additional 5,660 shares in the last quarter.

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.