iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Up 60.5% in May

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 99,609 shares, an increase of 60.5% from the May 14th total of 62,068 shares. Based on an average trading volume of 351,853 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the company’s shares are short sold.

iShares U.S. Oil Equipment & Services ETF Stock Performance

Shares of NYSEARCA:IEZ traded down $0.02 during midday trading on Tuesday, hitting $29.67. 131,410 shares of the company’s stock traded hands, compared to its average volume of 511,064. The company has a market cap of $495.49 million, a PE ratio of 11.67 and a beta of 0.88. The firm’s fifty day moving average price is $30.57 and its two-hundred day moving average price is $26.97. iShares U.S. Oil Equipment & Services ETF has a twelve month low of $16.73 and a twelve month high of $32.87.

Hedge Funds Weigh In On iShares U.S. Oil Equipment & Services ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 34.7% during the 4th quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock valued at $4,153,000 after acquiring an additional 51,300 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 42.6% during the 3rd 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 in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% during the 1st quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock valued at $202,000 after acquiring an additional 4,634 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares U.S. Oil Equipment & Services ETF during the 4th quarter valued at $35,000. Finally, Advisors Preferred LLC acquired a new position in shares of iShares U.S. Oil Equipment & Services ETF during the 1st 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.