Market Vectors Oil Services ETF (NYSE:OIH) Short Interest Down 24.7% in June
Market Vectors Oil Services ETF (NYSE:OIH) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 16,348,867 shares, a decrease of 24.7% from the May 31st total of 21,721,886 shares. Based on an average daily trading volume, of 8,673,576 shares, the days-to-cover ratio is presently 1.9 days.
Shares of Market Vectors Oil Services ETF (NYSE OIH) opened at 24.79 on Friday. Market Vectors Oil Services ETF has a 52 week low of $23.91 and a 52 week high of $36.35. The firm’s 50-day moving average is $25.99 and its 200 day moving average is $30.32.
About Market Vectors Oil Services ETF
Market Vectors Oil Services ETF (the Fund) is a non-diversified investment company. The Fund seeks to replicate the price and yield performance of the Market Vectors United States Listed Oil Services 25 Index (MVOIHTR). The Index is a rules-based index intended to track the overall performance of 25 of the United States listed publicly traded oil services companies.
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