VanEck Oil Services ETF (NYSEARCA:OIH) Sees Significant Decrease in Short Interest
by Teresa Graham · The Cerbat GemVanEck Oil Services ETF (NYSEARCA:OIH – Get Free Report) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 1,670,043 shares, a decrease of 26.3% from the February 12th total of 2,264,550 shares. Based on an average trading volume of 568,539 shares, the days-to-cover ratio is presently 2.9 days. Approximately 28.1% of the company’s shares are short sold. Approximately 28.1% of the company’s shares are short sold. Based on an average trading volume of 568,539 shares, the days-to-cover ratio is presently 2.9 days.
Institutional Investors Weigh In On VanEck Oil Services ETF
Several large investors have recently made changes to their positions in the stock. Audent Global Asset Management LLC raised its holdings in shares of VanEck Oil Services ETF by 12.3% during the fourth quarter. Audent Global Asset Management LLC now owns 4,702 shares of the company’s stock worth $1,339,000 after acquiring an additional 516 shares during the period. Corient Private Wealth LLC increased its holdings in VanEck Oil Services ETF by 10.7% during the 4th quarter. Corient Private Wealth LLC now owns 6,319 shares of the company’s stock worth $1,800,000 after purchasing an additional 609 shares in the last quarter. Employees Provident Fund Board bought a new position in VanEck Oil Services ETF during the 4th quarter worth about $69,336,000. Axxcess Wealth Management LLC acquired a new stake in shares of VanEck Oil Services ETF in the 4th quarter valued at about $307,000. Finally, Corecam AG acquired a new stake in shares of VanEck Oil Services ETF in the 4th quarter valued at about $2,393,000. Institutional investors own 94.50% of the company’s stock.
Key VanEck Oil Services ETF News
Here are the key news stories impacting VanEck Oil Services ETF this week:
- Positive Sentiment: Strait of Hormuz closure and U.S.-Iran strikes pushed oil higher, keeping service-rig demand expectations intact and supporting oil-services exposure. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As U.S. Intensifies Strikes Against Iran
- Positive Sentiment: Analysts and technical reports note crude’s strong bullish momentum and continued headline sensitivity from the conflict, which generally benefits drilling/service providers through higher dayrates and utilization. Crude Oil Price Forecast: Momentum Suggests Resistance Tests Ahead
- Positive Sentiment: Goldman Sachs raised longer-term Brent/WTI forecasts assuming prolonged Strait of Hormuz disruption — a bullish backdrop for oil services earnings over coming quarters. Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption
- Neutral Sentiment: Prediction markets and traders put sizable odds on oil hitting $100 this month — a sign of risk that could swing OIH materially either way as headlines evolve. Traders Put 72% Odds on Oil Returning to $100 as Iran Conflict Hits New Phase
- Neutral Sentiment: Infrastructure stories (pipelines bypassing the Strait, and debate over a Jones Act waiver) highlight potential partial supply reroutes — these could blunt some tightness but won’t immediately reverse offshore/onshore service demand. The Two Oil Pipelines Helping Saudi Arabia and UAE Bypass the Strait of Hormuz What Is the Jones Act and Why It Matters for Soaring Oil Prices
- Negative Sentiment: The U.S. announced a 172 million‑barrel SPR release and IEA members agreed to a record coordinated release (400 million barrels), actions aimed at lowering prices and easing near‑term supply tightness — headwinds for oil‑services revenue growth if sustained. US to Release 172 Million Barrels of Oil from Strategic Petroleum Reserve
- Negative Sentiment: Markets reacted to a U.S. license allowing countries to buy Russian crude stranded at sea for 30 days, which eased supply concerns and briefly pushed oil prices lower — a direct offset to the rally supporting OIH. Oil Drops After US Issues License for Countries to Buy Russian Oil Stranded at Sea
VanEck Oil Services ETF Trading Down 0.4%
Shares of NYSEARCA:OIH traded down $1.34 during trading on Friday, hitting $371.13. 670,814 shares of the company’s stock traded hands, compared to its average volume of 727,143. The company has a 50-day moving average price of $359.27 and a 200-day moving average price of $304.19. VanEck Oil Services ETF has a 52 week low of $191.21 and a 52 week high of $406.12. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 10.97 and a beta of 1.16.
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.