Zweig DiMenna Associates LLC Has $1.08 Million Holdings in VanEck Oil Services ETF $OIH

Zweig DiMenna Associates LLC raised its holdings in VanEck Oil Services ETF (NYSEARCA:OIH) by 216.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,800 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Zweig DiMenna Associates LLC owned about 0.06% of VanEck Oil Services ETF worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OIH. NewEdge Advisors LLC grew its stake in VanEck Oil Services ETF by 30.5% in the first quarter. NewEdge Advisors LLC now owns 2,629 shares of the company’s stock valued at $689,000 after acquiring an additional 614 shares during the period. Creative Planning grew its stake in VanEck Oil Services ETF by 42.9% in the second quarter. Creative Planning now owns 1,150 shares of the company’s stock valued at $265,000 after acquiring an additional 345 shares during the period. Qube Research & Technologies Ltd acquired a new position in VanEck Oil Services ETF in the second quarter valued at about $53,000. The Manufacturers Life Insurance Company grew its stake in VanEck Oil Services ETF by 148.1% in the second quarter. The Manufacturers Life Insurance Company now owns 7,244 shares of the company’s stock valued at $1,668,000 after acquiring an additional 4,324 shares during the period. Finally, Raymond James Financial Inc. grew its stake in VanEck Oil Services ETF by 88.2% in the second quarter. Raymond James Financial Inc. now owns 24,713 shares of the company’s stock valued at $5,691,000 after acquiring an additional 11,583 shares during the period. 94.50% of the stock is owned by institutional investors and hedge funds.

VanEck Oil Services ETF Trading Down 0.6%

NYSEARCA:OIH opened at $418.25 on Friday. VanEck Oil Services ETF has a 1 year low of $215.10 and a 1 year high of $459.28. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 10.97 and a beta of 0.89. The stock has a 50-day moving average price of $420.99 and a two-hundred day moving average price of $361.80.

Key Stories Impacting VanEck Oil Services ETF

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

• Negative Sentiment: Crude and Brent prices fell sharply as traders priced in progress toward a U.S.-Iran deal, with multiple reports saying the market is leaning toward a ceasefire and reduced supply-risk premium. That weaker oil backdrop is a headwind for oil-services names like OIH. Oil prices fall after Trump says he will make final determination on Iran deal
• Negative Sentiment: Oil is on track for one of its biggest monthly drops since 2020, and Brent has fallen about 19% in May. A sustained move lower in crude tends to reduce urgency for drilling and services demand, which can pressure OIH. Oil Declines Lift Stocks to Fresh Records
• Negative Sentiment: Saudi Arabia may cut July oil prices to Asia again as demand weakens, reinforcing concerns that crude fundamentals are softening even with Middle East supply disruptions. Saudi Arabia may lower July oil prices to Asia as demand weakens
• Neutral Sentiment: Some reports argue the oil drawdown is not fully “fixed,” with inventories still tightening and shale producers limited by a record-low backlog of drilled-but-uncompleted wells. That could help support oil later, but it has not offset the near-term bearish price move. Record-low U.S. shale well backlog curbs fast output gains amid export surge
• Neutral Sentiment: RBC and other analysts warned that ceasefire optimism may be running ahead of reality, while inventory drawdowns remain deep. This keeps some upside risk in crude, but for now the market tone is still dominated by falling oil prices. Iran ceasefire hopes outrun reality as oil inventory drawdowns deepen, RBC warns

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.