Market Vectors Oil Services ETF (NYSE:OIH) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 16,506,251 shares, a drop of 12.9% from the August 31st total of 18,949,572 shares. Based on an average daily trading volume, of 6,319,006 shares, the days-to-cover ratio is currently 2.6 days.

Shares of Market Vectors Oil Services ETF (NYSE:OIH) opened at 25.67 on Thursday. The company’s 50-day moving average is $23.79 and its 200-day moving average is $25.99. Market Vectors Oil Services ETF has a one year low of $21.70 and a one year high of $36.35.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wharton Business Group LLC acquired a new position in Market Vectors Oil Services ETF in the second quarter valued at about $105,000. Captrust Financial Advisors acquired a new position in Market Vectors Oil Services ETF in the second quarter valued at about $106,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Market Vectors Oil Services ETF in the second quarter valued at about $112,000. Carnegie Capital Asset Management LLC acquired a new position in Market Vectors Oil Services ETF in the second quarter valued at about $206,000. Finally, Alpine Global Management LLC acquired a new position in Market Vectors Oil Services ETF in the second quarter valued at about $241,000.

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Market Vectors Oil Services ETF Company Profile

Market Vectors Oil Services ETF (the Fund) is a non-diversified investment company. The Fund seeks to replicate the price and yield performance of the Market Vectors United States Listed Oil Services 25 Index (MVOIHTR). The Index is a rules-based index intended to track the overall performance of 25 of the United States listed publicly traded oil services companies.

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