VanEck Oil Services ETF (NYSEARCA:OIH) Sets New 1-Year High at $360.60

VanEck Oil Services ETF (NYSEARCA:OIH) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $360.60 and last traded at $360.01, with a volume of 86523 shares. The stock had previously closed at $353.66.

VanEck Oil Services ETF Stock Up 1.2 %

The company has a market cap of $2.67 billion, a P/E ratio of 19.88 and a beta of 1.99. The company has a fifty day moving average of $334.28 and a 200 day moving average of $296.89.

Hedge Funds Weigh In On VanEck Oil Services ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nvwm LLC purchased a new position in VanEck Oil Services ETF during the first quarter valued at $439,000. ExodusPoint Capital Management LP purchased a new position in shares of VanEck Oil Services ETF in the fourth quarter valued at about $7,151,000. Nan Shan Life Insurance Co. Ltd. purchased a new position in shares of VanEck Oil Services ETF in the first quarter valued at about $16,601,000. Wakefield Asset Management LLLP purchased a new position in shares of VanEck Oil Services ETF in the first quarter valued at about $601,000. Finally, Tcwp LLC lifted its position in shares of VanEck Oil Services ETF by 3.6% in the fourth quarter. Tcwp LLC now owns 4,226 shares of the company’s stock valued at $1,285,000 after acquiring an additional 148 shares in 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.