iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Shares Shorted: Short Interest Down 79.2% in September

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 75,366 shares, a decline of 79.2% from the September 15th total of 363,073 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 313,465 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new stake in iShares U.S. Oil Equipment & Services ETF during the 1st quarter valued at $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the fourth quarter valued at $35,000. Finally, Sunbelt Securities Inc. boosted its position in shares of iShares U.S. Oil Equipment & Services ETF by 198.3% in the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock worth $202,000 after buying an additional 4,634 shares during the period.

iShares U.S. Oil Equipment & Services ETF Stock Performance

Shares of NYSEARCA:IEZ traded down $0.09 on Monday, hitting $27.03. The company’s stock had a trading volume of 934,423 shares, compared to its average volume of 459,038. iShares U.S. Oil Equipment & Services ETF has a 12 month low of $17.90 and a 12 month high of $32.87. The company has a market capitalization of $348.69 million, a price-to-earnings ratio of 11.67 and a beta of 0.98. The stock’s 50-day moving average is $28.83 and its two-hundred day moving average is $29.08.

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.