After the oil bust, energy prices have rebounded, supporting the hydraulic fracturing, or fracking, industry and sector-related exchange traded fund.

The VanEck Vectors Unconventional Oil & Gas ETF (NYSEArca: FRAK), which tracks North American fracking and oil sands, has been outperforming the broader energy sector. Over the past three months, FRAK surged 35.4% while the Energy Select Sector SPDR (NYSEArca: XLE) gained 16.3%.

Related: Oil ETFs Bounce After Goldman Points to Supply Deficit

FRAK is also trading above both its 50- and 200-day simple moving averages, and its short-term trend line recently crossed above its long-term trend.

Nevertheless, while some companies have outperformed the broader equities market, there are still some weak areas. For instance, Pioneer Natural Resources (NYSE: PXD) has strengthened as the firm’s stronger balance sheet afforded it more opportunity to develop attractive projects, reports Spencer Jakab for the Wall Street Journal.

Related: 32 Best ETFs to Track Crude Oil

FRAK includes a 6.2% tilt toward PXD.

Fueling the growth of some fracking firms, the sudden plunge in prices have caused may to tighten their belts and become more efficient producers.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.