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

VanEck Oil Services ETF (NYSEARCA:OIH) was the target of some unusual options trading activity on Monday. Stock traders bought 3,773 put options on the stock. This is an increase of approximately 393% compared to the average daily volume of 766 put options.

VanEck Oil Services ETF Stock Down 0.2%

VanEck Oil Services ETF stock traded down $0.49 during mid-day trading on Monday, reaching $284.90. 69,121 shares of the company’s stock traded hands, compared to its average volume of 496,467. VanEck Oil Services ETF has a 12-month low of $191.21 and a 12-month high of $311.28. The stock has a 50 day moving average of $263.73 and a two-hundred day moving average of $244.83. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 10.97 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OIH. ST Germain D J Co. Inc. boosted its stake in shares of VanEck Oil Services ETF by 5.9% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,233 shares of the company’s stock worth $284,000 after purchasing an additional 69 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of VanEck Oil Services ETF by 5.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,468 shares of the company’s stock worth $355,000 after acquiring an additional 77 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in VanEck Oil Services ETF by 6.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,412 shares of the company’s stock valued at $325,000 after acquiring an additional 80 shares during the period. Lyell Wealth Management LP grew its position in VanEck Oil Services ETF by 6.5% in the 3rd quarter. Lyell Wealth Management LP now owns 1,369 shares of the company’s stock valued at $356,000 after acquiring an additional 83 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its stake in VanEck Oil Services ETF by 11.2% in the second quarter. Beacon Pointe Advisors LLC now owns 995 shares of the company’s stock worth $229,000 after purchasing an additional 100 shares during the period. 94.50% of the stock is owned by hedge funds and other institutional investors.

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.