VanEck Oil Services ETF (NYSEARCA:OIH) Sets New 52-Week Low – Here’s What Happened

VanEck Oil Services ETF (NYSEARCA:OIH) hit a new 52-week low during trading on Friday . The company traded as low as $261.05 and last traded at $265.16, with a volume of 17365 shares. The stock had previously closed at $263.91.

VanEck Oil Services ETF Stock Up 0.4 %

The business’s fifty day moving average price is $288.35 and its 200 day moving average price is $297.35. The firm has a market capitalization of $1.66 billion, a PE ratio of 18.96 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. First Personal Financial Services acquired a new position in shares of VanEck Oil Services ETF during the 3rd quarter valued at about $29,000. NBC Securities Inc. grew its holdings in 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 during the period. International Assets Investment Management LLC acquired a new position in VanEck Oil Services ETF during the second quarter worth approximately $57,000. SilverOak Wealth Management LLC increased its position in VanEck Oil Services ETF by 9.7% during the third quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock worth $209,000 after purchasing an additional 65 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in VanEck Oil Services ETF during the second quarter worth approximately $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.