VanEck Oil Services ETF (NYSEARCA:OIH – Get Rating) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 11,820 put options on the stock. This represents an increase of approximately 27% compared to the typical volume of 9,299 put options.
VanEck Oil Services ETF Stock Performance
VanEck Oil Services ETF stock opened at $265.48 on Friday. VanEck Oil Services ETF has a 52-week low of $195.77 and a 52-week high of $336.30. The firm has a 50 day moving average price of $315.58 and a two-hundred day moving average price of $287.29. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 19.88 and a beta of 2.06.
Institutional Trading of VanEck Oil Services ETF
Several hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. bought a new stake in VanEck Oil Services ETF during the 3rd quarter valued at $6,303,000. Regal Investment Advisors LLC increased its stake in VanEck Oil Services ETF by 5.1% during the 2nd quarter. Regal Investment Advisors LLC now owns 926 shares of the company’s stock valued at $215,000 after purchasing an additional 45 shares in the last quarter. Activest Wealth Management bought a new stake in VanEck Oil Services ETF during the 3rd quarter valued at $59,000. Soros Fund Management LLC bought a new stake in VanEck Oil Services ETF during the 2nd quarter valued at $3,489,000. Finally, Barclays PLC boosted its holdings in VanEck Oil Services ETF by 26.5% during the 3rd quarter. Barclays PLC now owns 51,814 shares of the company’s stock worth $10,944,000 after acquiring an additional 10,842 shares during the last quarter.
About VanEck Oil Services ETF
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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