VanEck Oil Refiners ETF (NYSEARCA:CRAK) Shares Shorted: Short Interest Up 88.6% in October

VanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 418,614 shares, a growth of 88.6% from the September 30th total of 221,958 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average trading volume of 727,878 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On VanEck Oil Refiners ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ayalon Insurance Comp Ltd. acquired a new position in VanEck Oil Refiners ETF in the 3rd quarter worth approximately $16,054,000. Journey Advisory Group LLC raised its position in VanEck Oil Refiners ETF by 135.5% in 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. Convergence Financial LLC bought a new position in VanEck Oil Refiners ETF during the 3rd quarter valued at about $3,551,000. Founders Financial Securities LLC acquired a new position in VanEck Oil Refiners ETF during the 3rd quarter worth $3,533,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of VanEck Oil Refiners ETF in the 1st quarter worth $1,792,000.

VanEck Oil Refiners ETF Price Performance

Shares of VanEck Oil Refiners ETF stock opened at $62.16 on Friday. The business has a 50-day moving average of $64.12 and a 200-day moving average of $52.33. VanEck Oil Refiners ETF has a 1-year low of $37.26 and a 1-year high of $68.37. The company has a market capitalization of $758.35 million, a PE ratio of 13.16 and a beta of 0.56.

About VanEck Oil Refiners ETF

(Get Free Report)

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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