VanEck Oil Services ETF (NYSEARCA:OIH) Short Interest Down 39.6% in March

VanEck Oil Services ETF (NYSEARCA:OIHGet Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 780,498 shares, a decline of 39.6% from the March 15th total of 1,291,305 shares. Based on an average daily trading volume, of 601,770 shares, the days-to-cover ratio is presently 1.3 days. Approximately 15.2% of the shares of the stock are short sold.

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

Institutional Trading of VanEck Oil Services ETF

A number of institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its stake in shares of VanEck Oil Services ETF by 66.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock valued at $25,000 after buying an additional 35 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in VanEck Oil Services ETF by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,257 shares of the company’s stock worth $643,000 after purchasing an additional 36 shares during the last quarter. Titleist Asset Management LLC raised its holdings in VanEck Oil Services ETF by 5.0% during the fourth quarter. Titleist Asset Management LLC now owns 1,355 shares of the company’s stock worth $386,000 after purchasing an additional 65 shares during the last quarter. Lyell Wealth Management LP raised its holdings in VanEck Oil Services ETF by 6.5% during the third quarter. Lyell Wealth Management LP now owns 1,369 shares of the company’s stock worth $356,000 after purchasing an additional 83 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in VanEck Oil Services ETF by 6.8% during the third quarter. CreativeOne Wealth LLC now owns 1,415 shares of the company’s stock worth $368,000 after purchasing an additional 90 shares during the last quarter. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

VanEck Oil Services ETF Price Performance

VanEck Oil Services ETF stock opened at $409.78 on Monday. VanEck Oil Services ETF has a 1-year low of $199.68 and a 1-year high of $423.85. The company has a market cap of $2.11 billion, a PE ratio of 10.97 and a beta of 0.84. The stock’s 50 day moving average price is $387.66 and its 200 day moving average price is $324.72.

VanEck Oil Services ETF Company Profile

(Get Free Report)

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.

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