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

VanEck Oil Services ETF (NYSEARCA:OIH) shares saw unusually-high trading volume on Tuesday . Approximately 638,038 shares were traded during trading, an increase of 39% from the previous session’s volume of 457,732 shares.The stock last traded at $287.98 and had previously closed at $283.71.

VanEck Oil Services ETF Trading Up 2.5 %

The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81. The firm’s 50 day moving average is $296.47 and its two-hundred day moving average is $312.49.

Institutional Investors Weigh In On VanEck Oil Services ETF

Large investors have recently modified their holdings of the stock. Pettinga Financial Advisors LLC acquired a new position in shares of VanEck Oil Services ETF in the 1st quarter worth approximately $214,000. Clear Street Markets LLC acquired a new stake in shares of VanEck Oil Services ETF in the fourth quarter valued at approximately $1,052,000. Cibc World Markets Corp bought a new position in VanEck Oil Services ETF in the 4th quarter worth approximately $2,167,000. Comerica Bank raised its stake in VanEck Oil Services ETF by 10.8% during the 1st quarter. Comerica Bank now owns 1,802 shares of the company’s stock valued at $606,000 after acquiring an additional 176 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of VanEck Oil Services ETF in the second quarter worth $2,489,000.

VanEck Oil Services ETF Company Profile

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.