VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 2,985 call options on the company. This is an increase of approximately 993% compared to the average volume of 273 call options.
VanEck Oil Refiners ETF Trading Up 0.2%
CRAK opened at $59.32 on Thursday. The stock has a market cap of $261.01 million, a PE ratio of 13.16 and a beta of 0.52. VanEck Oil Refiners ETF has a 1 year low of $34.90 and a 1 year high of $61.06. The stock’s 50 day simple moving average is $53.07 and its 200-day simple moving average is $49.53.
Hedge Funds Weigh In On VanEck Oil Refiners ETF
Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in shares of VanEck Oil Refiners ETF by 25.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,500 shares of the company’s stock valued at $92,000 after purchasing an additional 500 shares during the period. Community Financial Services Group LLC acquired a new stake in shares of VanEck Oil Refiners ETF during the second quarter worth $29,000. Fifth Third Bancorp acquired a new stake in shares of VanEck Oil Refiners ETF during the first quarter worth $40,000. Farther Finance Advisors LLC bought a new stake in VanEck Oil Refiners ETF in the fourth quarter valued at about $77,000. Finally, Raymond James Financial Inc. bought a new stake in VanEck Oil Refiners ETF in the second quarter valued at about $121,000.
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.
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