Market Vectors Oil Services ETF Target of Unusually High Options Trading (OIH)
Market Vectors Oil Services ETF (NYSE:OIH) saw some unusual options trading on Thursday. Investors purchased 20,297 put options on the company, AnalystRatingsNetwork reports. This is an increase of 186% compared to the typical daily volume of 7,085 put options.
Separately, analysts at Credit Suisse upgraded shares of Market Vectors Oil Services ETF to an “overweight” rating in a research note on Wednesday, June 18th.
Market Vectors Oil Services ETF (NYSE:OIH) traded down 2.25% during mid-day trading on Thursday, hitting $53.38. The stock had a trading volume of 4,998,634 shares. Market Vectors Oil Services ETF has a one year low of $44.57 and a one year high of $58.01. The stock’s 50-day moving average is $54.95 and its 200-day moving average is $52.68.
Market Vectors Oil Services ETF (NYSE:OIH) is a non-diversified investment company.
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