VanEck Oil Services ETF Target of Unusually Large Options Trading (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) was the target of unusually large options trading on Friday. Traders purchased 14,597 call options on the company. This is an increase of 283% compared to the typical volume of 3,813 call options.

VanEck Oil Services ETF Stock Up 0.9 %

Shares of OIH opened at $316.18 on Friday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a twelve month low of $278.00 and a twelve month high of $364.08. The company has a 50 day moving average of $314.79 and a 200-day moving average of $311.72.

Hedge Funds Weigh In On VanEck Oil Services ETF

Several hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC lifted its holdings in VanEck Oil Services ETF by 655.6% during the 3rd quarter. Ancora Advisors LLC now owns 136 shares of the company’s stock valued at $47,000 after purchasing an additional 118 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of VanEck Oil Services ETF during the first quarter worth $94,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of VanEck Oil Services ETF during the fourth quarter worth $110,000. Northwest Financial Advisors acquired a new stake in shares of VanEck Oil Services ETF during the fourth quarter worth $138,000. Finally, Gradient Investments LLC lifted its holdings in shares of VanEck Oil Services ETF by 188.1% during the fourth quarter. Gradient Investments LLC now owns 579 shares of the company’s stock worth $179,000 after buying an additional 378 shares in the last quarter.

About VanEck Oil Services ETF

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.