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

VanEck Oil Services ETF (NYSEARCA:OIH) saw unusually large options trading on Thursday. Stock traders acquired 17,242 put options on the company. This represents an increase of approximately 221% compared to the average daily volume of 5,363 put options.

Institutional Investors Weigh In On VanEck Oil Services ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in VanEck Oil Services ETF by 535.7% during the first quarter. PNC Financial Services Group Inc. now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Blair William & Co. IL increased its stake in VanEck Oil Services ETF by 179.5% in the 1st quarter. Blair William & Co. IL now owns 109 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares during the last quarter. HighMark Wealth Management LLC increased its stake in VanEck Oil Services ETF by 47.1% in the 1st quarter. HighMark Wealth Management LLC now owns 125 shares of the company’s stock worth $35,000 after acquiring an additional 40 shares during the last quarter. Gradient Investments LLC increased its stake in VanEck Oil Services ETF by 151.8% in the 2nd quarter. Gradient Investments LLC now owns 141 shares of the company’s stock worth $41,000 after acquiring an additional 85 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in shares of VanEck Oil Services ETF during the 4th quarter valued at approximately $50,000.

VanEck Oil Services ETF Price Performance

VanEck Oil Services ETF stock traded down $1.78 during trading hours on Thursday, reaching $352.03. The company had a trading volume of 177,744 shares, compared to its average volume of 645,944. VanEck Oil Services ETF has a 12-month low of $198.59 and a 12-month high of $359.05. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 19.88 and a beta of 1.99. The company has a 50-day moving average price of $330.32 and a 200 day moving average price of $295.95.

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.