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

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

iShares U.S. Oil Equipment & Services ETF Stock Down 2.4%

Shares of NYSEARCA:IEZ opened at $28.34 on Thursday. iShares U.S. Oil Equipment & Services ETF has a 52-week low of $16.73 and a 52-week high of $32.87. The stock’s fifty day simple moving average is $30.58 and its 200-day simple moving average is $27.08. The company has a market capitalization of $473.28 million, a P/E ratio of 11.67 and a beta of 0.88.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in shares of iShares U.S. Oil Equipment & Services ETF by 34.7% in the fourth quarter. BNP Paribas Financial Markets now owns 199,000 shares of the company’s stock valued at $4,153,000 after acquiring an additional 51,300 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares U.S. Oil Equipment & Services ETF by 42.6% in 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 in the last quarter. Sunbelt Securities Inc. lifted 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 valued at $202,000 after acquiring an additional 4,634 shares in the last quarter. Advisors Preferred LLC purchased a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the first quarter valued at $40,000. Finally, 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.

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.