Oil Refiners ETF (CRAK) Hits New 52-Week High

For investors seeking momentum VanEck Oil Refiners ETF (CRAK) is probably on the radar now. The fund just hit a 52-week high and is up 103% from its 52-week low price of $24.17 per share.But are there more gains in store for this ETF? Let’s take a quick look at the fund and its near-term outlook to get a better sense of where it might head.CRAK in FocusThe underlying MVIS Global Oil Refiners Index is a rules-based, modified capitalization weighted index and intends to give investors a means of tracking the ...