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

VanEck Oil Services ETF (NYSEARCA:OIH) saw some unusual options trading on Thursday. Stock traders purchased 16,387 call options on the stock. This is an increase of approximately 288% compared to the typical volume of 4,223 call options.

Institutional Investors Weigh In On VanEck Oil Services ETF

Several large investors have recently made changes to their positions in OIH. International Assets Investment Management LLC purchased a new position in VanEck Oil Services ETF in the 2nd quarter worth approximately $57,000. Riverview Trust Co purchased a new stake in VanEck Oil Services ETF in the second quarter worth $62,000. Headlands Technologies LLC bought a new stake in VanEck Oil Services ETF in the first quarter worth $94,000. Pacific Capital Wealth Advisors Inc. bought a new stake in VanEck Oil Services ETF in the fourth quarter worth $110,000. Finally, Northwest Financial Advisors bought a new stake in VanEck Oil Services ETF in the fourth quarter worth $138,000.

VanEck Oil Services ETF Stock Down 4.7 %

NYSEARCA:OIH traded down $15.73 during trading hours on Thursday, hitting $321.64. 497,769 shares of the company traded hands, compared to its average volume of 410,832. The firm’s 50-day simple moving average is $314.96 and its 200-day simple moving average is $314.38. VanEck Oil Services ETF has a one year low of $278.63 and a one year high of $364.08. The company has a market cap of $2.01 billion, a PE 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.