VanEck Oil Services ETF (NYSEARCA:OIH) Sees Significant Decrease in Short Interest

VanEck Oil Services ETF (NYSEARCA:OIH) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,291,305 shares, a decrease of 22.7% from the February 26th total of 1,670,043 shares. Based on an average daily volume of 650,056 shares, the short-interest ratio is presently 2.0 days. Approximately 21.7% of the company’s shares are sold short.

Hedge Funds Weigh In On VanEck Oil Services ETF

Several institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in shares of VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Wexford Capital LP acquired a new position in shares of VanEck Oil Services ETF in the third quarter valued at approximately $27,000. Founders Financial Alliance LLC purchased a new stake in VanEck Oil Services ETF during the 3rd quarter worth approximately $33,000. Greykasell Wealth Strategies Inc. purchased a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $33,000. Finally, Empowered Funds LLC acquired a new stake in VanEck Oil Services ETF during the 4th quarter worth approximately $34,000. 94.50% of the stock is owned by institutional investors and hedge funds.

VanEck Oil Services ETF Stock Performance

Shares of OIH traded down $14.30 during midday trading on Monday, hitting $401.90. 802,835 shares of the stock were exchanged, compared to its average volume of 699,453. VanEck Oil Services ETF has a 52-week low of $191.21 and a 52-week high of $423.85. The stock has a fifty day simple moving average of $376.60 and a 200 day simple moving average of $315.46. The firm has a market cap of $2.39 billion, a P/E ratio of 10.97 and a beta of 1.16.

Trending Headlines about VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Short interest in OIH declined sharply, reducing one source of downward pressure and removing some forced short-covering risk that can amplify sell-offs. VanEck Oil Services ETF (NYSEARCA:OIH) Sees Large Drop in Short Interest
• Positive Sentiment: WTI/Brent have surged above the $100 mark on fears the Iran war will widen, supporting higher dayrates and drilling activity that benefit oil-services firms held in OIH. Oil surges 3% as Iran war escalates with Yemen’s Houthis entering the Mideast conflict
• Positive Sentiment: Sector operational resilience: ADES, a major regional driller, beat profit forecasts and maintained growth guidance despite war-related disruptions — a sign that oil services can sustain activity even amid volatility. Saudi oil driller ADES beats profit expectations, keeps growth forecast despite Iran war
• Neutral Sentiment: Fed commentary is mixed: Chair Powell said the Fed can “look past” an energy shock but warned patience has limits — this tempers enthusiasm that higher oil automatically translates into a sustained equity rally for cyclicals. Powell Says Fed Can Look Past Oil Shock, but Warns Patience Has Limits
• Neutral Sentiment: Equity-market reaction is mixed: oil gains are creating sector rotation and intraday volatility (S&P/Dow up, Nasdaq down), producing uneven flows into ETFs like OIH. Nasdaq Index and S&P500: Mixed US Indices as Oil Spike Offsets Trump Optimism
• Negative Sentiment: Escalating geopolitics raise the risk of sustained supply shocks that could push oil much higher, but also trigger demand destruction, policy responses (driving curbs) and recession fears — a scenario that could ultimately hurt oil-services capex and OIH performance. Egypt says only Trump can stop war, warns oil could top $200

About VanEck Oil Services ETF

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.