VanEck Oil Services ETF Sees Unusually High Options Volume (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIHGet Rating) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 34,189 put options on the company. This is an increase of approximately 239% compared to the typical daily volume of 10,083 put options.

VanEck Oil Services ETF Stock Down 0.4 %

OIH stock opened at $311.00 on Friday. VanEck Oil Services ETF has a fifty-two week low of $171.30 and a fifty-two week high of $322.79. The firm’s 50-day simple moving average is $261.69 and its 200 day simple moving average is $252.76.

Institutional Trading of VanEck Oil Services ETF

A number of large investors have recently modified their holdings of OIH. PNC Financial Services Group Inc. increased its stake in VanEck Oil Services ETF by 535.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 75 shares during the period. Hudock Inc. acquired a new position in VanEck Oil Services ETF during the 1st quarter valued at about $33,000. Castleview Partners LLC increased its stake in VanEck Oil Services ETF by 1,060.0% during the 2nd quarter. Castleview Partners LLC now owns 232 shares of the company’s stock valued at $33,000 after buying an additional 212 shares during the period. Ahrens Investment Partners LLC acquired a new position in VanEck Oil Services ETF during the 2nd quarter valued at about $47,000. Finally, Chilton Capital Management LLC bought a new position in shares of VanEck Oil Services ETF during the 2nd quarter valued at about $47,000.

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