iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Sees Significant Growth in Short Interest

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 313,121 shares, an increase of 181.0% from the December 31st total of 111,416 shares. Based on an average daily trading volume, of 366,550 shares, the short-interest ratio is currently 0.9 days. Approximately 4.4% of the shares of the company are sold short. Approximately 4.4% of the shares of the company are sold short. Based on an average daily trading volume, of 366,550 shares, the short-interest ratio is currently 0.9 days.

iShares U.S. Oil Equipment & Services ETF Trading Down 0.5%

iShares U.S. Oil Equipment & Services ETF stock opened at $25.50 on Friday. The firm has a market capitalization of $191.25 million, a price-to-earnings ratio of 11.67 and a beta of 1.14. iShares U.S. Oil Equipment & Services ETF has a 12-month low of $14.41 and a 12-month high of $26.32. The firm has a 50 day moving average of $22.27 and a 200 day moving average of $20.12.

Institutional Trading of iShares U.S. Oil Equipment & Services ETF

A hedge fund recently raised its stake in iShares U.S. Oil Equipment & Services ETF stock. Ameriprise Financial Inc. boosted its holdings in shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 25.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,762 shares of the company’s stock after purchasing an additional 10,994 shares during the quarter. Ameriprise Financial Inc. owned about 0.87% of iShares U.S. Oil Equipment & Services ETF worth $912,000 as of its most recent SEC filing.

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.