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

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 75,366 shares, a decrease of 79.2% from the September 15th total of 363,073 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 313,465 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IEZ. Sunbelt Securities Inc. increased its stake in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% in the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock valued at $202,000 after purchasing an additional 4,634 shares during the period. Advisors Preferred LLC bought a new position in iShares U.S. Oil Equipment & Services ETF in the 1st quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in iShares U.S. Oil Equipment & Services ETF in the 4th quarter worth approximately $35,000.

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

Shares of IEZ stock traded down $0.09 during trading hours on Tuesday, reaching $27.03. The stock had a trading volume of 10,120 shares, compared to its average volume of 459,038. iShares U.S. Oil Equipment & Services ETF has a twelve month low of $17.90 and a twelve month high of $32.87. The firm has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $29.06. The firm has a market capitalization of $348.69 million, a PE ratio of 11.67 and a beta of 0.98.

About iShares U.S. Oil Equipment & Services ETF

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.