iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Update

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 108,985 shares, a decrease of 65.2% from the January 15th total of 313,121 shares. Based on an average daily volume of 500,383 shares, the short-interest ratio is currently 0.2 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 500,383 shares, the short-interest ratio is currently 0.2 days.

iShares U.S. Oil Equipment & Services ETF Trading Up 2.8%

IEZ traded up $0.76 on Wednesday, hitting $27.80. 195,273 shares of the company’s stock were exchanged, compared to its average volume of 405,108. The firm has a 50-day moving average price of $23.08 and a 200-day moving average price of $20.59. iShares U.S. Oil Equipment & Services ETF has a fifty-two week low of $14.41 and a fifty-two week high of $27.94. The stock has a market cap of $219.62 million, a price-to-earnings ratio of 11.67 and a beta of 1.14.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

An institutional investor recently raised its position in iShares U.S. Oil Equipment & Services ETF stock. BNP Paribas Financial Markets raised its stake in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 34.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,000 shares of the company’s stock after buying an additional 51,300 shares during the quarter. BNP Paribas Financial Markets owned about 2.52% of iShares U.S. Oil Equipment & Services ETF worth $4,153,000 at the end of the most recent quarter.

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.