VanEck Oil Refiners ETF Target of Unusually Large Options Trading (NYSEARCA:CRAK)
by Doug Wharley · The Cerbat GemVanEck Oil Refiners ETF (NYSEARCA:CRAK – Get Free Report) was the target of unusually large options trading activity on Friday. Traders purchased 3,163 call options on the company. This is an increase of approximately 7,256% compared to the typical volume of 43 call options.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ferguson Shapiro LLC purchased a new position in shares of VanEck Oil Refiners ETF in the first quarter worth $207,000. Westhampton Capital LLC purchased a new position in shares of VanEck Oil Refiners ETF in the first quarter worth $247,000. Equitable Holdings Inc. purchased a new position in shares of VanEck Oil Refiners ETF in the fourth quarter worth $981,000. GeoWealth Management LLC purchased a new position in shares of VanEck Oil Refiners ETF in the fourth quarter worth $1,000,000. Finally, Jane Street Group LLC purchased a new position in shares of VanEck Oil Refiners ETF in the fourth quarter worth $291,000.
VanEck Oil Refiners ETF Trading Up 0.6%
Shares of NYSEARCA CRAK traded up $0.28 during midday trading on Friday, reaching $47.37. The company had a trading volume of 48,033 shares, compared to its average volume of 97,492. The business’s 50-day simple moving average is $47.00 and its 200 day simple moving average is $42.11. The stock has a market cap of $135.00 million, a P/E ratio of 13.16 and a beta of 0.58. VanEck Oil Refiners ETF has a 1 year low of $27.06 and a 1 year high of $49.75.
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.