VanEck Oil Services ETF (NYSEARCA:OIH) Sets New 12-Month Low – Time to Sell?

VanEck Oil Services ETF (NYSEARCA:OIH) reached a new 52-week low during trading on Wednesday . The company traded as low as $193.00 and last traded at $196.72, with a volume of 942634 shares. The stock had previously closed at $206.09.

VanEck Oil Services ETF Stock Down 4.5 %

The firm has a fifty day moving average price of $261.07 and a two-hundred day moving average price of $277.68. The stock has a market capitalization of $934.42 million, a P/E ratio of 12.26 and a beta of 1.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OIH. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of VanEck Oil Services ETF in the 4th quarter worth $47,194,000. JPMorgan Chase & Co. boosted its position in shares of VanEck Oil Services ETF by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock valued at $284,561,000 after buying an additional 154,738 shares during the last quarter. Floyd Financial Group LLC bought a new stake in VanEck Oil Services ETF in the 4th quarter worth about $5,925,000. Commonwealth Equity Services LLC raised its position in VanEck Oil Services ETF by 301.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 26,731 shares of the company’s stock worth $7,250,000 after buying an additional 20,075 shares during the last quarter. Finally, Savoie Capital LLC bought a new position in VanEck Oil Services ETF during the 3rd quarter valued at about $5,617,000.

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.