Zweig DiMenna Associates LLC Has $1.08 Million Position in VanEck Oil Services ETF $OIH

Zweig DiMenna Associates LLC lifted its position in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 216.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,800 shares of the company’s stock after purchasing an additional 2,600 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in VanEck Oil Services ETF were worth $1,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its position in shares of VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after buying an additional 35 shares during the period. Wexford Capital LP acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth about $27,000. Founders Financial Alliance LLC acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth about $33,000. Advisory Services Network LLC acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth about $43,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of VanEck Oil Services ETF during the second quarter worth about $53,000. 94.50% of the stock is owned by institutional investors and hedge funds.

VanEck Oil Services ETF News Roundup

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Negative Sentiment: Crude and Brent prices fell sharply as traders priced in progress toward a U.S.-Iran deal, with multiple reports saying the market is leaning toward a ceasefire and reduced supply-risk premium. That weaker oil backdrop is a headwind for oil-services names like OIH. Oil prices fall after Trump says he will make final determination on Iran deal
• Negative Sentiment: Oil is on track for one of its biggest monthly drops since 2020, and Brent has fallen about 19% in May. A sustained move lower in crude tends to reduce urgency for drilling and services demand, which can pressure OIH. Oil Declines Lift Stocks to Fresh Records
• Negative Sentiment: Saudi Arabia may cut July oil prices to Asia again as demand weakens, reinforcing concerns that crude fundamentals are softening even with Middle East supply disruptions. Saudi Arabia may lower July oil prices to Asia as demand weakens
• Neutral Sentiment: Some reports argue the oil drawdown is not fully “fixed,” with inventories still tightening and shale producers limited by a record-low backlog of drilled-but-uncompleted wells. That could help support oil later, but it has not offset the near-term bearish price move. Record-low U.S. shale well backlog curbs fast output gains amid export surge
• Neutral Sentiment: RBC and other analysts warned that ceasefire optimism may be running ahead of reality, while inventory drawdowns remain deep. This keeps some upside risk in crude, but for now the market tone is still dominated by falling oil prices. Iran ceasefire hopes outrun reality as oil inventory drawdowns deepen, RBC warns

VanEck Oil Services ETF Price Performance

OIH stock opened at $418.25 on Friday. The stock has a market capitalization of $2.34 billion, a P/E ratio of 10.97 and a beta of 0.89. The business has a 50-day moving average of $420.99 and a 200-day moving average of $361.80. VanEck Oil Services ETF has a fifty-two week low of $215.10 and a fifty-two week high of $459.28.

VanEck Oil Services ETF 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.