iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Update

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 229,382 shares, an increase of 225.5% from the February 12th total of 70,475 shares. Based on an average daily volume of 1,017,744 shares, the short-interest ratio is currently 0.2 days. Currently, 2.9% of the shares of the stock are sold short. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 1,017,744 shares, the short-interest ratio is currently 0.2 days.

iShares U.S. Oil Equipment & Services ETF Stock Down 4.1%

NYSEARCA:IEZ traded down $1.14 during trading hours on Thursday, reaching $26.67. 553,265 shares of the company’s stock were exchanged, compared to its average volume of 542,251. The company has a market capitalization of $210.69 million, a P/E 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 $29.57. The business’s 50-day simple moving average is $26.13 and its two-hundred day simple moving average is $22.11.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

Several large investors have recently modified their holdings of IEZ. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares U.S. Oil Equipment & Services ETF in the 4th quarter worth $35,000. Ameriprise Financial Inc. lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 25.7% during the second quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock valued at $912,000 after purchasing an additional 10,994 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% during the third quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock valued at $2,849,000 after purchasing an additional 47,000 shares during the last quarter.

About iShares U.S. Oil Equipment & Services ETF

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.