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

VanEck Oil Services ETF (NYSEARCA:OIH) was the recipient of some unusual options trading activity on Friday. Investors acquired 14,597 call options on the company. This is an increase of 283% compared to the typical volume of 3,813 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OIH. Ancora Advisors LLC lifted its position in VanEck Oil Services ETF by 655.6% during the 3rd quarter. Ancora Advisors LLC now owns 136 shares of the company’s stock worth $47,000 after acquiring an additional 118 shares during the period. Headlands Technologies LLC purchased a new position in VanEck Oil Services ETF in the 1st quarter valued at $94,000. Pacific Capital Wealth Advisors Inc. acquired a new position in VanEck Oil Services ETF in the 4th quarter valued at $110,000. Northwest Financial Advisors purchased a new position in VanEck Oil Services ETF during the 4th quarter worth $138,000. Finally, Gradient Investments LLC lifted its stake in shares of VanEck Oil Services ETF by 188.1% in the 4th quarter. Gradient Investments LLC now owns 579 shares of the company’s stock worth $179,000 after acquiring an additional 378 shares during the period.

VanEck Oil Services ETF Stock Performance

Shares of OIH stock traded up $2.91 during mid-day trading on Friday, hitting $316.17. 144,578 shares of the stock were exchanged, compared to its average volume of 387,440. The stock’s fifty day simple moving average is $314.95 and its two-hundred day simple moving average is $311.46. VanEck Oil Services ETF has a 12-month low of $278.00 and a 12-month high of $364.08. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.96 and a beta of 0.81.

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.