iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Update

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 72,363 shares, a decrease of 36.8% from the November 30th total of 114,521 shares. Based on an average trading volume of 101,071 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 101,071 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

A hedge fund recently raised its stake in iShares U.S. Oil Equipment & Services ETF stock. Ameriprise Financial Inc. increased its position in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 25.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,762 shares of the company’s stock after buying an additional 10,994 shares during the period. Ameriprise Financial Inc. owned 0.87% of iShares U.S. Oil Equipment & Services ETF worth $912,000 at the end of the most recent reporting period.

iShares U.S. Oil Equipment & Services ETF Price Performance

IEZ traded up $0.28 during trading on Tuesday, reaching $21.02. 89,324 shares of the stock traded hands, compared to its average volume of 191,784. The stock’s 50-day simple moving average is $20.75 and its two-hundred day simple moving average is $19.18. iShares U.S. Oil Equipment & Services ETF has a fifty-two week low of $14.41 and a fifty-two week high of $22.41. The stock has a market cap of $130.32 million, a price-to-earnings ratio of 11.67 and a beta of 1.14.

iShares U.S. Oil Equipment & Services ETF Company Profile

iShares U.S. Oil Equipment & Services ETF (the Fund), formerly iShares Dow Jones U.S. Oil Equipment & Services Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Equipment & Services Index (the Index). The Index measures the performance of the oil equipment and services sector of the United States equity market, and includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.