VanEck Oil Services ETF (NYSEARCA:OIH) Sees Large Volume Increase – Still a Buy?

VanEck Oil Services ETF (NYSEARCA:OIHGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 303,503 shares traded hands during trading, a decline of 37% from the previous session’s volume of 479,357 shares.The stock last traded at $299.06 and had previously closed at $299.51.

VanEck Oil Services ETF Price Performance

The firm has a market cap of $1.82 billion, a PE ratio of 18.96 and a beta of 0.81. The firm’s 50 day moving average is $286.01 and its 200-day moving average is $292.87.

Hedge Funds Weigh In On VanEck Oil Services ETF

A number of large investors have recently bought and sold shares of the stock. First Personal Financial Services purchased a new position in shares of VanEck Oil Services ETF in the 3rd quarter valued at $29,000. NBC Securities Inc. raised its stake in shares of VanEck Oil Services ETF by 100.0% in the 3rd quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of VanEck Oil Services ETF in the 2nd quarter valued at $223,000. SilverOak Wealth Management LLC raised its stake in shares of VanEck Oil Services ETF by 9.7% in the 3rd quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock valued at $209,000 after acquiring an additional 65 shares during the period. Finally, National Wealth Management Group LLC raised its stake in shares of VanEck Oil Services ETF by 8.1% in the 3rd quarter. National Wealth Management Group LLC now owns 857 shares of the company’s stock valued at $243,000 after acquiring an additional 64 shares during the period.

VanEck Oil Services ETF Company Profile

(Get Free Report)

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.

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