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

VanEck Oil Services ETF (NYSEARCA:OIH) saw unusually large options trading on Monday. Traders bought 3,773 put options on the company. This is an increase of 393% compared to the average volume of 766 put options.

VanEck Oil Services ETF Trading Down 0.2%

OIH stock traded down $0.49 during trading on Monday, reaching $284.90. 69,121 shares of the stock were exchanged, compared to its average volume of 496,467. The firm’s 50 day moving average is $263.73 and its 200 day moving average is $244.83. The firm has a market cap of $1.13 billion, a P/E ratio of 10.97 and a beta of 1.16. VanEck Oil Services ETF has a twelve month low of $191.21 and a twelve month high of $311.28.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OIH. JPMorgan Chase & Co. lifted its stake in shares of VanEck Oil Services ETF by 189.7% in the third quarter. JPMorgan Chase & Co. now owns 141,542 shares of the company’s stock valued at $36,788,000 after buying an additional 92,676 shares in the last quarter. Gendell Jeffrey L boosted its stake in VanEck Oil Services ETF by 34.8% during the 2nd quarter. Gendell Jeffrey L now owns 135,197 shares of the company’s stock valued at $31,135,000 after purchasing an additional 34,880 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of VanEck Oil Services ETF by 13.2% in the first quarter. Royal Bank of Canada now owns 86,776 shares of the company’s stock valued at $22,747,000 after purchasing an additional 10,093 shares in the last quarter. Quadrature Capital Ltd raised its position in VanEck Oil Services ETF by 832.2% in the 2nd quarter. Quadrature Capital Ltd now owns 79,947 shares of the company’s stock valued at $18,402,000 after buying an additional 71,371 shares during the last quarter. Finally, Zuckerman Investment Group LLC lifted its stake in VanEck Oil Services ETF by 4.3% during the 2nd quarter. Zuckerman Investment Group LLC now owns 47,422 shares of the company’s stock valued at $10,921,000 after acquiring an additional 1,969 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

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.