iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Up 60.5% in May

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 99,609 shares, an increase of 60.5% from the May 14th total of 62,068 shares. Based on an average trading volume of 351,853 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the company’s shares are sold short.

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

NYSEARCA IEZ traded down $0.02 during mid-day trading on Tuesday, reaching $29.67. 131,410 shares of the stock were exchanged, compared to its average volume of 511,064. iShares U.S. Oil Equipment & Services ETF has a 1-year low of $16.73 and a 1-year high of $32.87. The business’s fifty day simple moving average is $30.57 and its 200 day simple moving average is $26.97. The stock has a market capitalization of $495.49 million, a PE ratio of 11.67 and a beta of 0.88.

Hedge Funds Weigh In On iShares U.S. Oil Equipment & Services ETF

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 34.7% in the 4th quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock valued at $4,153,000 after purchasing an additional 51,300 shares during the last quarter. Ameriprise Financial Inc. grew its position in iShares U.S. Oil Equipment & Services ETF by 42.6% during the third quarter. Ameriprise Financial Inc. now owns 76,684 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,922 shares during the period. Sunbelt Securities Inc. grew its position in iShares U.S. Oil Equipment & Services ETF by 198.3% during the first quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock valued at $202,000 after acquiring an additional 4,634 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in iShares U.S. Oil Equipment & Services ETF during the fourth quarter valued at about $35,000. Finally, Advisors Preferred LLC purchased a new stake in iShares U.S. Oil Equipment & Services ETF during the first quarter valued at about $40,000.

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.