Short Interest in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Declines By 35.3%

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 70,475 shares, a decrease of 35.3% from the January 29th total of 108,985 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 357,567 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 357,567 shares, the short-interest ratio is currently 0.2 days. Currently, 0.9% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 34.7% in the 4th quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock valued at $4,153,000 after buying an additional 51,300 shares during the period. Ameriprise Financial Inc. raised its position in iShares U.S. Oil Equipment & Services ETF by 42.6% during the third quarter. Ameriprise Financial Inc. now owns 76,684 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,922 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at approximately $35,000.

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

IEZ traded up $0.05 during trading on Friday, reaching $28.97. 804,439 shares of the company’s stock were exchanged, compared to its average volume of 548,780. iShares U.S. Oil Equipment & Services ETF has a 1 year low of $14.41 and a 1 year high of $29.40. The company’s fifty day simple moving average is $24.89 and its 200-day simple moving average is $21.52. The stock has a market capitalization of $228.86 million, a P/E 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.