Short Interest in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Decreases By 15.9%

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 192,949 shares, a decrease of 15.9% from the February 26th total of 229,382 shares. Based on an average daily volume of 498,925 shares, the short-interest ratio is presently 0.4 days. Currently, 2.4% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

Several institutional investors have recently added to or reduced their stakes in IEZ. Ameriprise Financial Inc. boosted its position in iShares U.S. Oil Equipment & Services ETF by 25.7% during the second quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after purchasing an additional 10,994 shares during the period. BNP Paribas Financial Markets raised its position in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% in the third quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock valued at $2,849,000 after purchasing an additional 47,000 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at approximately $35,000.

iShares U.S. Oil Equipment & Services ETF Price Performance

Shares of IEZ opened at $29.81 on Monday. iShares U.S. Oil Equipment & Services ETF has a 1 year low of $14.41 and a 1 year high of $30.00. The stock’s fifty day moving average price is $27.28 and its two-hundred day moving average price is $22.88. The firm has a market cap of $235.50 million, a PE ratio of 11.67 and a beta of 1.14.

About iShares U.S. Oil Equipment & Services ETF

iShares U.S. Oil Equipment & Services ETF (the Fund), formerly iShares Dow Jones U.S. Oil Equipment & Services Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Equipment & Services Index (the Index). The Index measures the performance of the oil equipment and services sector of the United States equity market, and includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.