iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ – Get Free Report) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 192,949 shares, a decline of 15.9% from the February 26th total of 229,382 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 498,925 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in iShares U.S. Oil Equipment & Services ETF during the 4th quarter valued at $35,000. Ameriprise Financial Inc. grew its holdings in iShares U.S. Oil Equipment & Services ETF by 25.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after acquiring an additional 10,994 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in iShares U.S. Oil Equipment & Services ETF by 46.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock worth $2,849,000 after acquiring an additional 47,000 shares during the last quarter.
iShares U.S. Oil Equipment & Services ETF Stock Performance
Shares of IEZ stock opened at $29.81 on Monday. iShares U.S. Oil Equipment & Services ETF has a fifty-two week low of $14.41 and a fifty-two week high of $30.00. The stock has a 50 day moving average price of $27.28 and a two-hundred day moving average price of $22.88. The company has a market capitalization of $235.50 million, a P/E ratio of 11.67 and a beta of 1.14.
About iShares U.S. Oil Equipment & Services ETF
iShares U.S. Oil Equipment & Services ETF (the Fund), formerly iShares Dow Jones U.S. Oil Equipment & Services Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Oil Equipment & Services Index (the Index). The Index measures the performance of the oil equipment and services sector of the United States equity market, and includes companies that are suppliers of equipment or services to oil fields and offshore platforms, such as drilling, exploration, engineering, logistics, seismic information services and platform construction.
Further Reading
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