VanEck Oil Services ETF Target of Unusually High Options Trading (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) was the recipient of some unusual options trading on Friday. Stock traders purchased 5,489 put options on the company. This is an increase of approximately 56% compared to the average volume of 3,518 put options.

Institutional Investors Weigh In On VanEck Oil Services ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in VanEck Oil Services ETF in the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its position in VanEck Oil Services ETF by 64.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 102 shares of the company’s stock valued at $28,000 after buying an additional 40 shares during the last quarter. First Personal Financial Services acquired a new stake in VanEck Oil Services ETF in the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its position in VanEck Oil Services ETF by 64.6% in the 4th quarter. Farther Finance Advisors LLC now owns 130 shares of the company’s stock valued at $35,000 after buying an additional 51 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new stake in VanEck Oil Services ETF in the 4th quarter valued at approximately $54,000.

VanEck Oil Services ETF Trading Up 0.2 %

OIH traded up $0.42 during midday trading on Friday, reaching $264.61. The company’s stock had a trading volume of 362,686 shares, compared to its average volume of 518,395. VanEck Oil Services ETF has a twelve month low of $257.78 and a twelve month high of $353.25. The stock has a market cap of $1.24 billion, a P/E ratio of 10.68 and a beta of 1.74. The company has a fifty day simple moving average of $279.06 and a 200 day simple moving average of $285.93.

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.