VanEck Oil Services ETF (NYSEARCA:OIH) Sees Strong Trading Volume

Shares of VanEck Oil Services ETF (NYSEARCA:OIH) saw unusually-strong trading volume on Tuesday . Approximately 638,038 shares were traded during mid-day trading, an increase of 39% from the previous session’s volume of 457,732 shares.The stock last traded at $287.98 and had previously closed at $283.71.

VanEck Oil Services ETF Stock Performance

The company’s 50 day moving average price is $296.47 and its 200-day moving average price is $312.49. The stock has a market cap of $1.82 billion, a P/E ratio of 18.96 and a beta of 0.81.

Institutional Investors Weigh In On VanEck Oil Services ETF

A number of institutional investors have recently added to or reduced their stakes in OIH. International Assets Investment Management LLC purchased a new stake in shares of VanEck Oil Services ETF during the second quarter worth $57,000. Riverview Trust Co bought a new position in shares of VanEck Oil Services ETF in the second quarter valued at approximately $62,000. Headlands Technologies LLC bought a new stake in VanEck Oil Services ETF during the 1st quarter worth approximately $94,000. Benin Management CORP purchased a new stake in VanEck Oil Services ETF in the 1st quarter worth approximately $202,000. Finally, Pettinga Financial Advisors LLC bought a new position in shares of VanEck Oil Services ETF in the first quarter worth $214,000.

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.