VanEck Oil Refiners ETF (NYSEARCA:CRAK) Reaches New 1-Year High – Here’s What Happened

Shares of VanEck Oil Refiners ETF (NYSEARCA:CRAK) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.59 and last traded at $66.51, with a volume of 426704 shares traded. The stock had previously closed at $65.24.

VanEck Oil Refiners ETF Stock Down 1.6%

The business’s fifty day moving average is $58.78 and its 200 day moving average is $51.79. The firm has a market capitalization of $527.04 million, a price-to-earnings ratio of 13.16 and a beta of 0.54.

Hedge Funds Weigh In On VanEck Oil Refiners ETF

A number of large investors have recently added to or reduced their stakes in the company. Community Financial Services Group LLC bought a new stake in shares of VanEck Oil Refiners ETF in the second quarter valued at about $29,000. Fifth Third Bancorp bought a new position in shares of VanEck Oil Refiners ETF during the first quarter worth about $40,000. Ferguson Shapiro LLC bought a new position in shares of VanEck Oil Refiners ETF during the first quarter worth about $207,000. Westhampton Capital LLC acquired a new stake in VanEck Oil Refiners ETF in the 1st quarter valued at approximately $247,000. Finally, 4WEALTH Advisors Inc. acquired a new stake in VanEck Oil Refiners ETF in the 1st quarter valued at approximately $248,000.

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.