VanEck Oil Services ETF (NYSEARCA:OIH) Sees Large Volume Increase – Still a Buy?

Shares of VanEck Oil Services ETF (NYSEARCA:OIH) saw unusually-strong trading volume on Tuesday . Approximately 303,503 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 479,357 shares.The stock last traded at $299.06 and had previously closed at $299.51.

VanEck Oil Services ETF Stock Performance

The stock has a market capitalization of $1.82 billion, a P/E ratio of 18.96 and a beta of 0.81. The company’s 50-day moving average is $286.01 and its two-hundred day moving average is $292.87.

Institutional Trading of VanEck Oil Services ETF

Institutional investors have recently made changes to their positions in the stock. First Personal Financial Services acquired a new stake in shares of VanEck Oil Services ETF in the 3rd quarter worth approximately $29,000. NBC Securities Inc. lifted its stake in shares of VanEck Oil Services ETF by 100.0% in the 3rd quarter. NBC Securities Inc. now owns 150 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares during the period. SilverOak Wealth Management LLC lifted its stake in shares of VanEck Oil Services ETF by 9.7% in the 3rd quarter. SilverOak Wealth Management LLC now owns 738 shares of the company’s stock worth $209,000 after acquiring an additional 65 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of VanEck Oil Services ETF in the 2nd quarter worth approximately $223,000. Finally, National Wealth Management Group LLC lifted its stake in shares of VanEck Oil Services ETF by 8.1% in the 3rd quarter. National Wealth Management Group LLC now owns 857 shares of the company’s stock worth $243,000 after acquiring an additional 64 shares during the period.

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.