VanEck Oil Services ETF (NYSEARCA:OIH) Short Interest Update

VanEck Oil Services ETF (NYSEARCA:OIH) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,291,305 shares, a decline of 22.7% from the February 26th total of 1,670,043 shares. Based on an average trading volume of 650,056 shares, the days-to-cover ratio is presently 2.0 days. Approximately 21.7% of the shares of the stock are short sold.

VanEck Oil Services ETF Stock Performance

NYSEARCA OIH traded up $7.71 on Tuesday, reaching $409.61. The company’s stock had a trading volume of 262,294 shares, compared to its average volume of 691,870. VanEck Oil Services ETF has a twelve month low of $191.21 and a twelve month high of $423.85. The firm’s 50 day moving average is $376.60 and its two-hundred day moving average is $315.46. The stock has a market cap of $2.44 billion, a PE ratio of 10.97 and a beta of 1.16.

Institutional Trading of VanEck Oil Services ETF

A number of large investors have recently added to or reduced their stakes in OIH. Healthcare of Ontario Pension Plan Trust Fund grew its position in VanEck Oil Services ETF by 5.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 609,000 shares of the company’s stock worth $173,425,000 after purchasing an additional 31,000 shares in the last quarter. Morgan Stanley lifted its holdings in shares of VanEck Oil Services ETF by 6.2% in the fourth quarter. Morgan Stanley now owns 455,222 shares of the company’s stock valued at $129,634,000 after purchasing an additional 26,633 shares in the last quarter. Employees Provident Fund Board purchased a new stake in shares of VanEck Oil Services ETF in the fourth quarter valued at $69,336,000. Wells Fargo & Company MN boosted its position in shares of VanEck Oil Services ETF by 9.7% in the fourth quarter. Wells Fargo & Company MN now owns 188,675 shares of the company’s stock worth $53,729,000 after buying an additional 16,625 shares during the period. Finally, Gendell Jeffrey L boosted its position in shares of VanEck Oil Services ETF by 79.9% in the fourth quarter. Gendell Jeffrey L now owns 146,532 shares of the company’s stock worth $41,728,000 after buying an additional 65,084 shares during the period. 94.50% of the stock is currently owned by institutional investors.

Key Headlines Impacting VanEck Oil Services ETF

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

• Positive Sentiment: OPEC production plunged in March as the Iran war and effective closure of the Strait of Hormuz forced export cuts — a material supply squeeze that is bullish for oil prices and should support increased activity for oil‑service firms. OPEC oil output plunges in March
• Positive Sentiment: Oil futures have extended gains as the conflict widens and tanker/transport risks rise — sustained higher WTI/Brent supports service activity, rig utilization and pricing for the companies in OIH. Oil rises for a fourth day
• Positive Sentiment: Regional drilling operator ADES reported better‑than‑expected profits and maintained growth guidance despite the Iran war — an indicator that service providers can still convert higher oil prices into stronger results. ADES beats profit expectations
• Neutral Sentiment: Technical and short‑term forecasts show large swings — some analysts see continuation above $100 while others warn of noisy, headline‑driven trading; sustained strength matters more for OIH than intraday volatility. WTI Breaks Triangle
• Neutral Sentiment: Increased upstream interest (e.g., farm‑in talks for Alaska assets) points to longer‑term project activity that could eventually boost services demand, but timing and scale remain uncertain. Pantheon Resources targets farm-in partner
• Negative Sentiment: Fed chair Powell warned the Fed can’t simply ignore an oil shock — persistent high oil could keep policy tighter for longer, a headwind for equities including cyclical oil‑service names in OIH. Powell Says Fed Can Look Past Oil Shock
• Negative Sentiment: Analysts using technical/Elliott Wave counts warn Brent may be nearing a top and could pull back sharply — a steep reversal in oil would reduce service demand and pressure OIH. Elliott Wave: Brent nearing a 5th wave top

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.