VanEck Oil Services ETF (NYSEARCA:OIH) Short Interest Down 22.7% in March

VanEck Oil Services ETF (NYSEARCA:OIH) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,291,305 shares, a drop of 22.7% from the February 26th total of 1,670,043 shares. Based on an average daily trading volume, of 650,056 shares, the days-to-cover ratio is currently 2.0 days. Currently, 21.7% of the shares of the stock are short sold.

More VanEck Oil Services ETF News

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Geopolitical escalation expectations sent oil sharply higher, supporting oil‑services demand (less drilling downtime risk, more emergency & maintenance work). Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies 5% As Traders Bet On A Long War In The Middle East
• Positive Sentiment: Analysts told Reuters that oil prices could remain elevated (or spike further) across Iran‑war scenarios, implying sustained higher activity and capex for oil‑service firms. Oil prices to stay elevated across Iran war scenarios
• Positive Sentiment: Crude futures flipped higher as war risk tightened the supply outlook and inventories fell — a technical and fundamental tailwind for oil‑services revenue. Oil News: Crude Oil Futures Flip Higher as War Risk Lifts Oil Outlook
• Positive Sentiment: Coverage note: Zacks highlights OIH reaching a 52‑week high and argues higher oil prices create meaningful opportunities for oil‑services exposure, supporting continued investor interest. Oil Services ETF (OIH) Hits 52-Week High: More Strength Ahead?
• Neutral Sentiment: Risk pricing is volatile — some headlines (Trump pausing attacks / negotiations) briefly pushed prices down, showing the upside is contingent on further escalation or diplomatic setbacks. Oil prices fall as Trump pauses attacks on Iranian energy plants
• Neutral Sentiment: Prediction‑market odds (Polymarket) and commentary show elevated probabilities of military escalation — large but uncertain events that can swing oil (and OIH) sharply both ways. Polymarket bettors put 62% odds on US forces entering Iran by April 30 as oil traders brace for $200 a barrel
• Negative Sentiment: Equity market volatility: oil spikes have triggered broad selloffs (S&P500 weakness), which can cap ETF gains even as sector fundamentals improve — macro risk to OIH’s short‑term performance. S&P500: US Stocks Sink as Oil Spike and War Fears Trigger Broad Selloff
• Negative Sentiment: Higher oil is feeding inflation and pushed rates expectations up (markets price a higher chance of Fed hikes), a headwind for risk assets including ETFs that can weigh on multiples and flows into OIH. Markets see the Fed’s next move as a potential hike as oil prices surge, inflation fears rise

VanEck Oil Services ETF Stock Up 0.7%

NYSEARCA:OIH opened at $416.20 on Friday. The business’s 50-day moving average price is $375.09 and its 200 day moving average price is $314.09. VanEck Oil Services ETF has a 52-week low of $191.21 and a 52-week high of $418.57. The firm has a market cap of $2.48 billion, a P/E ratio of 10.97 and a beta of 1.16.

Hedge Funds Weigh In On VanEck Oil Services ETF

Hedge funds have recently made changes to their positions in the business. Audent Global Asset Management LLC boosted its holdings in VanEck Oil Services ETF by 12.3% during the fourth quarter. Audent Global Asset Management LLC now owns 4,702 shares of the company’s stock worth $1,339,000 after buying an additional 516 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of VanEck Oil Services ETF by 10.7% in the fourth quarter. Corient Private Wealth LLC now owns 6,319 shares of the company’s stock valued at $1,800,000 after buying an additional 609 shares in the last quarter. Employees Provident Fund Board acquired a new stake in shares of VanEck Oil Services ETF during the fourth quarter worth $69,336,000. Axxcess Wealth Management LLC purchased a new position in VanEck Oil Services ETF in the 4th quarter worth about $307,000. Finally, Corecam AG acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth about $2,393,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

VanEck Oil Services ETF Company Profile

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.