VanEck Oil Services ETF (NYSEARCA:OIH) Hits New 1-Year High – Here’s What Happened

VanEck Oil Services ETF (NYSEARCA:OIH)’s stock price reached a new 52-week high on Thursday . The company traded as high as $311.09 and last traded at $309.5080, with a volume of 97992 shares trading hands. The stock had previously closed at $308.13.

VanEck Oil Services ETF Stock Performance

The stock has a 50 day moving average of $280.27 and a two-hundred day moving average of $257.00. The stock has a market cap of $1.18 billion, a PE ratio of 10.97 and a beta of 1.16.

Institutional Investors Weigh In On VanEck Oil Services ETF

A number of large investors have recently made changes to their positions in OIH. MTM Investment Management LLC purchased a new position in VanEck Oil Services ETF during the 2nd quarter worth approximately $27,000. Wexford Capital LP acquired a new stake in shares of VanEck Oil Services ETF in the third quarter worth $27,000. Lowe Wealth Advisors LLC purchased a new position in shares of VanEck Oil Services ETF during the second quarter valued at $31,000. Founders Financial Alliance LLC acquired a new position in VanEck Oil Services ETF during the third quarter valued at $33,000. Finally, Advisory Services Network LLC purchased a new stake in VanEck Oil Services ETF in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

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.