VanEck Vectors Unconventional Oil & Gas ETF (FRAK)
VanEck Vectors Unconventional Oil & Gas ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $157.50, down 0.07% on the session, giving a market capitalisation of $28.2M. Its beta of 2.74 implies it has historically moved more than the broad market.
This investment vehicle aims to closely match the price movements and income generation of the MVIS® Global Unconventional Oil & Gas Index, prior to accounting for its own fees and expenses. Typically, the fund commits a minimum of 80% of its total capital to the securities that constitute this benchmark index. The index itself is composed of companies that either generate at least half of their revenue from unconventional oil and gas operations or own assets with the potential to achieve that level of revenue from such sources. It's also important to note that the fund is designated as non-diversified.
VanEck Vectors Unconventional Oil & Gas ETF is most often compared with the following Financial Services names: