VanEck Oil Refiners ETF Target of Unusually High Options Trading (NYSEARCA:CRAK)

VanEck Oil Refiners ETF (NYSEARCA:CRAK) was the target of unusually large options trading on Friday. Stock investors purchased 3,163 call options on the stock. This represents an increase of 7,256% compared to the typical volume of 43 call options.

VanEck Oil Refiners ETF Trading Up 1.2%

Shares of NYSEARCA CRAK opened at $47.66 on Friday. The stock has a 50 day simple moving average of $47.06 and a 200-day simple moving average of $42.18. The company has a market cap of $135.83 million, a PE ratio of 13.16 and a beta of 0.58. VanEck Oil Refiners ETF has a 12-month low of $27.06 and a 12-month high of $49.75.

Institutional Investors Weigh In On VanEck Oil Refiners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ferguson Shapiro LLC bought a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at about $207,000. Westhampton Capital LLC bought a new stake in shares of VanEck Oil Refiners ETF during the first quarter valued at about $247,000. Equitable Holdings Inc. bought a new stake in shares of VanEck Oil Refiners ETF during the fourth quarter valued at about $981,000. GeoWealth Management LLC bought a new stake in shares of VanEck Oil Refiners ETF during the fourth quarter valued at about $1,000,000. Finally, Jane Street Group LLC bought a new stake in shares of VanEck Oil Refiners ETF during the fourth quarter valued at about $291,000.

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.