Stock Traders Buy Large Volume of VanEck Oil Services ETF Put Options (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) saw some unusual options trading activity on Friday. Stock investors purchased 5,489 put options on the stock. This is an increase of 56% compared to the typical daily volume of 3,518 put options.

VanEck Oil Services ETF Stock Up 0.8 %

Shares of NYSEARCA:OIH opened at $266.38 on Friday. The firm has a 50 day moving average of $279.10 and a 200 day moving average of $285.70. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.68 and a beta of 1.74. VanEck Oil Services ETF has a 52 week low of $257.78 and a 52 week high of $353.25.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OIH. Pettinga Financial Advisors LLC grew its position in shares of VanEck Oil Services ETF by 8.0% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 950 shares of the company’s stock worth $270,000 after buying an additional 70 shares during the last quarter. Solidarity Wealth LLC boosted its stake in VanEck Oil Services ETF by 1.9% in the third quarter. Solidarity Wealth LLC now owns 10,836 shares of the company’s stock valued at $3,074,000 after acquiring an additional 207 shares in the last quarter. Focus Financial Network Inc. grew its holdings in VanEck Oil Services ETF by 29.5% in the third quarter. Focus Financial Network Inc. now owns 2,223 shares of the company’s stock worth $631,000 after purchasing an additional 507 shares during the last quarter. Sollinda Capital Management LLC acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth $4,111,000. Finally, SilverOak Wealth Management LLC lifted its holdings in shares of VanEck Oil Services ETF by 9.7% during the 3rd quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock valued at $209,000 after purchasing an additional 65 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.