Investors Buy Large Volume of VanEck Oil Services ETF Put Options (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) was the recipient of some unusual options trading on Tuesday. Investors bought 8,013 put options on the stock. This represents an increase of 47% compared to the typical daily volume of 5,453 put options.

Hedge Funds Weigh In On VanEck Oil Services ETF

A number of large investors have recently added to or reduced their stakes in the business. First Personal Financial Services purchased a new position in shares of VanEck Oil Services ETF in the third quarter worth $29,000. NBC Securities Inc. increased its position in shares of VanEck Oil Services ETF by 100.0% in the third quarter. NBC Securities Inc. now owns 150 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares during the period. International Assets Investment Management LLC bought a new position in shares of VanEck Oil Services ETF during the second quarter valued at about $57,000. SilverOak Wealth Management LLC boosted its holdings in shares of VanEck Oil Services ETF by 9.7% during the third quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock worth $209,000 after purchasing an additional 65 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of VanEck Oil Services ETF in the second quarter worth about $223,000.

VanEck Oil Services ETF Stock Performance

OIH stock opened at $276.45 on Wednesday. The company has a market capitalization of $1.73 billion, a PE ratio of 18.96 and a beta of 0.81. VanEck Oil Services ETF has a one year low of $262.18 and a one year high of $353.25. The company’s 50 day moving average price is $290.49 and its two-hundred day moving average price is $298.42.

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.