iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Update

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 334,225 shares, a growth of 178.3% from the June 30th total of 120,103 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 364,326 shares, the short-interest ratio is presently 0.9 days.

iShares U.S. Oil Equipment & Services ETF Trading Down 3.6%

Shares of NYSEARCA:IEZ traded down $1.00 during midday trading on Tuesday, reaching $26.91. The company had a trading volume of 113,278 shares, compared to its average volume of 537,022. The stock has a market cap of $349.83 million, a P/E ratio of 11.67 and a beta of 0.89. The company’s 50 day moving average price is $28.60 and its 200 day moving average price is $28.28. iShares U.S. Oil Equipment & Services ETF has a 52-week low of $17.24 and a 52-week high of $32.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IEZ. Sunbelt Securities Inc. increased its stake 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 purchasing an additional 4,634 shares during the last quarter. Advisors Preferred LLC purchased a new position in iShares U.S. Oil Equipment & Services ETF in the first quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL bought a new position in iShares U.S. Oil Equipment & Services ETF during the fourth quarter valued at $35,000. BNP Paribas Financial Markets grew its holdings in iShares U.S. Oil Equipment & Services ETF by 34.7% during the fourth quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock valued at $4,153,000 after purchasing an additional 51,300 shares during the period. Finally, Ameriprise Financial Inc. increased its position in iShares U.S. Oil Equipment & Services ETF by 42.6% in the third quarter. Ameriprise Financial Inc. now owns 76,684 shares of the company’s stock worth $1,479,000 after buying an additional 22,922 shares during the last quarter.

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.