VanEck Oil Services ETF (NYSEARCA:OIH) Reaches New 1-Year High – Time to Buy?

VanEck Oil Services ETF (NYSEARCA:OIHGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $313.90 and last traded at $309.5870, with a volume of 46551 shares traded. The stock had previously closed at $295.99.

Key Headlines Impacting VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

VanEck Oil Services ETF Trading Up 5.1%

The company has a fifty day moving average of $288.37 and a two-hundred day moving average of $262.98. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.97 and a beta of 1.16.

Institutional Trading of VanEck Oil Services ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of VanEck Oil Services ETF by 189.7% in the third quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after purchasing an additional 92,676 shares in the last quarter. Quadrature Capital Ltd boosted its position in VanEck Oil Services ETF by 832.2% in the 2nd quarter. Quadrature Capital Ltd now owns 79,947 shares of the company’s stock valued at $18,402,000 after buying an additional 71,371 shares during the last quarter. Pureheart Capital Pte Ltd. acquired a new stake in shares of VanEck Oil Services ETF in the 3rd quarter valued at $12,216,000. Gendell Jeffrey L raised its position in shares of VanEck Oil Services ETF by 34.8% during the second quarter. Gendell Jeffrey L now owns 135,197 shares of the company’s stock worth $31,135,000 after acquiring an additional 34,880 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in shares of VanEck Oil Services ETF during the first quarter valued at $6,741,000. Institutional investors own 94.50% of the company’s stock.

About VanEck Oil Services ETF

(Get Free Report)

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.

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