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

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) saw a large decline in short interest during 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. Based on an average trading volume of 313,465 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the company’s stock are sold short.

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

A number of institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its holdings in shares of 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 purchasing an additional 4,634 shares during the last quarter. Advisors Preferred LLC purchased a new stake in iShares U.S. Oil Equipment & Services ETF during the 1st quarter valued at $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in iShares U.S. Oil Equipment & Services ETF during the 4th quarter valued at $35,000.

iShares U.S. Oil Equipment & Services ETF Trading Up 0.3%

IEZ stock traded up $0.07 during midday trading on Friday, hitting $27.12. The company’s stock had a trading volume of 247,041 shares, compared to its average volume of 456,588. The firm’s 50-day moving average is $28.83 and its 200-day moving average is $29.07. iShares U.S. Oil Equipment & Services ETF has a 12 month low of $17.85 and a 12 month high of $32.87. The company has a market cap of $349.85 million, a PE ratio of 11.67 and a beta of 0.98.

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.