VanEck Oil Services ETF (NYSEARCA:OIH) Sees Large Volume Increase – Here’s Why

VanEck Oil Services ETF (NYSEARCA:OIH) shares saw unusually-strong trading volume on Friday . Approximately 567,419 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 322,666 shares.The stock last traded at $279.07 and had previously closed at $279.80.

VanEck Oil Services ETF Trading Down 0.3 %

The company has a market cap of $1.74 billion, a PE ratio of 18.96 and a beta of 0.81. The firm’s 50-day simple moving average is $286.31 and its two-hundred day simple moving average is $293.96.

Institutional Trading of VanEck Oil Services ETF

Large investors have recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at about $29,000. NBC Securities Inc. increased its stake in shares of VanEck Oil Services ETF by 100.0% in the 3rd quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in VanEck Oil Services ETF in the 2nd quarter worth about $223,000. SilverOak Wealth Management LLC boosted its position in VanEck Oil Services ETF by 9.7% during the third quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock worth $209,000 after purchasing an additional 65 shares in the last quarter. Finally, LJI Wealth Management LLC purchased a new position in shares of VanEck Oil Services ETF during the 2nd quarter valued at approximately $256,000.

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.