Short Interest in VanEck Oil Refiners ETF (NYSEARCA:CRAK) Decreases By 18.2%

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 71,985 shares, a decrease of 18.2% from the January 29th total of 88,022 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 68,719 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 68,719 shares, the days-to-cover ratio is presently 1.0 days. Approximately 3.8% of the shares of the company are short sold.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its position in shares of VanEck Oil Refiners ETF by 17.3% during the second quarter. Cetera Investment Advisers now owns 116,408 shares of the company’s stock worth $3,818,000 after buying an additional 17,188 shares during the period. Raymond James Financial Inc. acquired a new stake in VanEck Oil Refiners ETF during the 2nd quarter worth approximately $121,000. Flow Traders U.S. LLC boosted 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 purchasing an additional 10,239 shares in the last quarter. Sunbelt Securities Inc. grew its position 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 buying an additional 500 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new position in VanEck Oil Refiners ETF during the fourth quarter worth about $231,000.

VanEck Oil Refiners ETF Stock Up 1.3%

Shares of CRAK traded up $0.60 during mid-day trading on Wednesday, reaching $46.32. The company had a trading volume of 284,160 shares, compared to its average volume of 78,220. The stock has a 50 day moving average of $41.79 and a two-hundred day moving average of $39.19. The stock has a market capitalization of $88.01 million, a P/E ratio of 13.16 and a beta of 0.82. VanEck Oil Refiners ETF has a 52-week low of $24.17 and a 52-week high of $46.33.

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.