Traders Buy Large Volume of Put Options on VanEck Oil Services ETF (NYSEARCA:OIH)

VanEck Oil Services ETF (NYSEARCA:OIH) saw unusually large options trading activity on Friday. Investors acquired 5,489 put options on the stock. This is an increase of 56% compared to the average daily volume of 3,518 put options.

Hedge Funds Weigh In On VanEck Oil Services ETF

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in VanEck Oil Services ETF by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 1,003,000 shares of the company’s stock worth $284,561,000 after purchasing an additional 154,738 shares during the period. Tidal Investments LLC bought a new position in shares of VanEck Oil Services ETF in the 3rd quarter worth about $312,000. Thrivent Financial for Lutherans boosted its holdings in shares of VanEck Oil Services ETF by 1.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 8,213 shares of the company’s stock valued at $2,330,000 after buying an additional 103 shares during the period. Mirador Capital Partners LP grew its position in shares of VanEck Oil Services ETF by 1.6% during the 4th quarter. Mirador Capital Partners LP now owns 8,774 shares of the company’s stock valued at $2,380,000 after buying an additional 139 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of VanEck Oil Services ETF by 3.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,587 shares of the company’s stock valued at $430,000 after buying an additional 56 shares during the last quarter.

VanEck Oil Services ETF Stock Performance

OIH opened at $266.38 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of 10.68 and a beta of 1.74. The company has a 50-day moving average of $279.10 and a 200-day moving average of $285.62. VanEck Oil Services ETF has a 1-year low of $257.78 and a 1-year high of $353.25.

About VanEck Oil Services ETF

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.