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

VanEck Oil Services ETF (NYSEARCA:OIH) saw some unusual options trading activity on Monday. Stock investors acquired 29,280 put options on the company. This represents an increase of approximately 766% compared to the typical daily volume of 3,382 put options.

Hedge Funds Weigh In On VanEck Oil Services ETF

A number of institutional investors have recently bought and sold shares of the stock. Gendell Jeffrey L raised its stake in VanEck Oil Services ETF by 384.3% during the 4th quarter. Gendell Jeffrey L now owns 278,500 shares of the company’s stock valued at $86,201,000 after purchasing an additional 221,000 shares during the period. Jane Street Group LLC grew its holdings in VanEck Oil Services ETF by 1,219.9% during the 1st quarter. Jane Street Group LLC now owns 131,307 shares of the company’s stock valued at $44,162,000 after buying an additional 121,359 shares in the last quarter. Cetera Investment Advisers raised its position in shares of VanEck Oil Services ETF by 13,939.1% during the first quarter. Cetera Investment Advisers now owns 107,680 shares of the company’s stock valued at $36,216,000 after buying an additional 106,913 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of VanEck Oil Services ETF in the fourth quarter worth $13,125,000. Finally, Caxton Associates LP bought a new position in shares of VanEck Oil Services ETF during the first quarter worth $10,665,000.

VanEck Oil Services ETF Stock Up 0.4 %

VanEck Oil Services ETF stock opened at $301.20 on Wednesday. VanEck Oil Services ETF has a 52-week low of $262.75 and a 52-week high of $364.08. The company has a market cap of $1.88 billion, a P/E ratio of 18.96 and a beta of 0.81. The business has a 50-day simple moving average of $318.03 and a two-hundred day simple moving average of $311.18.

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.