Stock Traders Buy High Volume of Put Options on VanEck Oil Services ETF (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) saw some unusual options trading on Tuesday. Stock investors bought 8,013 put options on the company. This is an increase of 47% compared to the typical volume of 5,453 put options.

VanEck Oil Services ETF Price Performance

Shares of OIH opened at $266.48 on Thursday. VanEck Oil Services ETF has a 1 year low of $262.18 and a 1 year high of $353.25. The stock’s fifty day moving average price is $289.63 and its two-hundred day moving average price is $297.88. The firm has a market cap of $1.67 billion, a PE ratio of 18.96 and a beta of 0.81.

Hedge Funds Weigh In On VanEck Oil Services ETF

Large investors have recently modified their holdings of the business. First Personal Financial Services purchased a new position in VanEck Oil Services ETF in the 3rd quarter valued at approximately $29,000. NBC Securities Inc. grew its position in shares of VanEck Oil Services ETF by 100.0% in the third quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after purchasing an additional 75 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of VanEck Oil Services ETF in the second quarter valued at $57,000. SilverOak Wealth Management LLC raised its stake in shares of VanEck Oil Services ETF by 9.7% during the 3rd quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock valued at $209,000 after purchasing an additional 65 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in VanEck Oil Services ETF during the 2nd quarter worth about $223,000.

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.