Tidal Investments LLC raised its holdings in VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) by 875.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,673 shares of the company’s stock after acquiring an additional 5,989 shares during the period. Tidal Investments LLC’s holdings in VanEck Oil Services ETF were worth $2,483,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of OIH. Arlington Capital Management Inc. acquired a new stake in shares of VanEck Oil Services ETF during the second quarter worth $9,317,000. NewEdge Advisors LLC grew its position in shares of VanEck Oil Services ETF by 19.3% in the second quarter. NewEdge Advisors LLC now owns 2,801 shares of the company’s stock valued at $1,042,000 after purchasing an additional 454 shares during the period. Mraz Amerine & Associates Inc. increased its stake in VanEck Oil Services ETF by 2.8% in the second quarter. Mraz Amerine & Associates Inc. now owns 10,049 shares of the company’s stock valued at $3,738,000 after purchasing an additional 272 shares during the last quarter. Allworth Financial LP increased its stake in VanEck Oil Services ETF by 125.0% in the second quarter. Allworth Financial LP now owns 81 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Finally, Corient Private Wealth LP lifted its position in VanEck Oil Services ETF by 2.3% during the second quarter. Corient Private Wealth LP now owns 8,490 shares of the company’s stock worth $3,159,000 after buying an additional 193 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.
VanEck Oil Services ETF Trading Up 2.4%
NYSEARCA OIH opened at $411.51 on Wednesday. The business’s 50-day moving average price is $401.95 and its 200 day moving average price is $405.57. VanEck Oil Services ETF has a twelve month low of $242.24 and a twelve month high of $459.28. The company has a market capitalization of $2.04 billion, a PE ratio of 10.97 and a beta of 0.90.
Key Stories Impacting VanEck Oil Services ETF
- Positive Sentiment: Crude prices reached multi-month highs. WTI rose above $106 per barrel and approached the $110 resistance area, while some physical European oil cargoes topped $130 as buyers sought alternatives to disrupted Middle East supplies. Higher and potentially persistent oil prices improve the outlook for oilfield-service demand and pricing. Crude Oil Hits $106 Physical Oil Cargoes Top $130
- Positive Sentiment: Supply risks remain elevated. A drone attack damaged Saudi Arabia’s East-West pipeline, while Houthi activity threatens Red Sea shipping. The resulting supply uncertainty is sustaining an oil risk premium and helped fuel a broad rally in offshore oil stocks, including Transocean, Valaris and W&T Offshore—an encouraging read-through for OIH holdings. Oil Futures Rise on Supply Disruption Worries
- Positive Sentiment: Industry executives warn of a broader fuel shortage. Concerns that global supplies are running low, combined with limited near-term non-OPEC+ production growth, could support longer-term investment in exploration and production services. Oil Executives Say the Great Fuel Crisis Is Here
- Neutral Sentiment: U.S. Energy Secretary Chris Wright characterized the Saudi pipeline closure as a disruption likely to last only days. A rapid restoration would reduce the supply premium, though ongoing regional attacks could delay normalization. Saudi Pipeline Closure
- Negative Sentiment: Higher oil is worsening inflation and interest-rate risks. Oil and 10-year Treasury yields are moving closely together, raising concerns that renewed inflation could keep rates higher and pressure the broader market, producers’ financing costs and OIH valuations. Oil and Treasury Yields
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.
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