iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Sees Significant Increase in Short Interest

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) saw a large increase in short interest in 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 daily trading volume, of 351,853 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the shares of the stock are sold short.

iShares U.S. Oil Equipment & Services ETF Trading Down 2.2%

NYSEARCA:IEZ opened at $29.05 on Wednesday. iShares U.S. Oil Equipment & Services ETF has a 12 month low of $16.73 and a 12 month high of $32.87. The stock has a 50 day moving average of $30.58 and a two-hundred day moving average of $27.03. The firm has a market cap of $485.14 million, a P/E ratio of 11.67 and a beta of 0.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advisors Preferred LLC acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF during the 1st quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF during the 4th quarter worth approximately $35,000. Sunbelt Securities Inc. increased 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 worth $202,000 after buying an additional 4,634 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 25.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after buying an additional 10,994 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock worth $2,849,000 after purchasing an additional 47,000 shares during the period.

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.