iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Up 178.3% in July

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 334,225 shares, a growth of 178.3% from the June 30th total of 120,103 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average trading volume of 364,326 shares, the short-interest ratio is presently 0.9 days.

iShares U.S. Oil Equipment & Services ETF Stock Down 0.7%

IEZ stock traded down $0.19 during trading on Monday, hitting $27.85. 119,538 shares of the company’s stock traded hands, compared to its average volume of 539,810. The firm has a market capitalization of $362.05 million, a P/E ratio of 11.67 and a beta of 0.89. iShares U.S. Oil Equipment & Services ETF has a 1 year low of $17.24 and a 1 year high of $32.87. The business has a fifty day simple moving average of $28.80 and a two-hundred day simple moving average of $28.21.

Institutional Trading of iShares U.S. Oil Equipment & Services ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEZ. BNP Paribas Financial Markets increased its stake in shares of iShares U.S. Oil Equipment & Services ETF by 34.7% in the fourth quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock worth $4,153,000 after acquiring an additional 51,300 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares U.S. Oil Equipment & Services ETF by 42.6% in the third quarter. Ameriprise Financial Inc. now owns 76,684 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,922 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in iShares U.S. Oil Equipment & Services ETF by 198.3% during the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock worth $202,000 after buying an additional 4,634 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in iShares U.S. Oil Equipment & Services ETF in the 4th quarter valued at approximately $35,000. Finally, Advisors Preferred LLC acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the first quarter valued at $40,000.

iShares U.S. Oil Equipment & Services ETF Company Profile

iShares U.S. Oil Equipment & Services ETF (the Fund), formerly iShares Dow Jones U.S. Oil Equipment & Services Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Equipment & Services Index (the Index). The Index measures the performance of the oil equipment and services sector of the United States equity market, and includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.