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

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 229,382 shares, an increase of 225.5% from the February 12th total of 70,475 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average trading volume of 1,017,744 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,017,744 shares, the short-interest ratio is presently 0.2 days. Currently, 2.9% of the company’s shares are sold short.

iShares U.S. Oil Equipment & Services ETF Stock Up 0.4%

IEZ stock traded up $0.10 during midday trading on Wednesday, reaching $27.81. The stock had a trading volume of 277,873 shares, compared to its average volume of 542,003. The firm has a market cap of $219.70 million, a price-to-earnings ratio of 11.67 and a beta of 1.14. iShares U.S. Oil Equipment & Services ETF has a twelve month low of $14.41 and a twelve month high of $29.57. The business has a fifty day simple moving average of $25.88 and a two-hundred day simple moving average of $22.04.

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

Institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at approximately $35,000. Ameriprise Financial Inc. grew its holdings in iShares U.S. Oil Equipment & Services ETF by 25.7% during 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 period. Finally, BNP Paribas Financial Markets raised its position in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock valued at $2,849,000 after acquiring an additional 47,000 shares during the last quarter.

iShares U.S. Oil Equipment & Services ETF Company Profile

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.