iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Update

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 229,382 shares, a growth of 225.5% from the February 12th total of 70,475 shares. Based on an average daily volume of 1,017,744 shares, the short-interest ratio is currently 0.2 days. Currently, 2.9% of the company’s shares are sold short. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 1,017,744 shares, the short-interest ratio is currently 0.2 days.

iShares U.S. Oil Equipment & Services ETF Stock Up 0.4%

NYSEARCA IEZ traded up $0.10 on Wednesday, reaching $27.81. The company had a trading volume of 277,873 shares, compared to its average volume of 542,003. iShares U.S. Oil Equipment & Services ETF has a 52 week low of $14.41 and a 52 week high of $29.57. The stock’s 50 day moving average is $25.88 and its 200-day moving average is $22.04. The stock has a market cap of $219.70 million, a price-to-earnings ratio of 11.67 and a beta of 1.14.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the 4th quarter valued at approximately $35,000. Ameriprise Financial Inc. grew its holdings in iShares U.S. Oil Equipment & Services ETF by 25.7% during the second quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock valued at $912,000 after purchasing an additional 10,994 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in iShares U.S. Oil Equipment & Services ETF by 46.7% in the third quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock valued at $2,849,000 after purchasing an additional 47,000 shares in the last quarter.

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.