iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Sees Large Increase in Short Interest

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 208,815 shares, an increase of 293.5% from the October 15th total of 53,070 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 728,888 shares, the days-to-cover ratio is presently 0.3 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC bought a new position in shares of iShares U.S. Oil Equipment & Services ETF during the first quarter valued at approximately $40,000. Harbour Investments Inc. purchased a new position in shares of iShares U.S. Oil Equipment & Services ETF during the third quarter valued at approximately $76,000. Parallel Advisors LLC lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 131.9% during the third quarter. Parallel Advisors LLC now owns 5,202 shares of the company’s stock valued at $138,000 after purchasing an additional 2,959 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% during the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock valued at $202,000 after purchasing an additional 4,634 shares during the last quarter.

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

Shares of iShares U.S. Oil Equipment & Services ETF stock opened at $25.43 on Thursday. iShares U.S. Oil Equipment & Services ETF has a 1 year low of $19.67 and a 1 year high of $32.87. The firm has a market cap of $361.11 million, a price-to-earnings ratio of 19.47 and a beta of 0.97. The company has a 50-day moving average of $27.52 and a 200 day moving average of $28.46.

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.