X Square Capital LLC Has $1.31 Million Position in VanEck Oil Services ETF $OIH

X Square Capital LLC raised its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 235.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,588 shares of the company’s stock after buying an additional 3,222 shares during the period. X Square Capital LLC owned 0.08% of VanEck Oil Services ETF worth $1,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of VanEck Oil Services ETF by 66.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares in the last quarter. Wexford Capital LP acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth approximately $27,000. Founders Financial Alliance LLC acquired a new position in VanEck Oil Services ETF in the third quarter valued at approximately $33,000. Greykasell Wealth Strategies Inc. acquired a new position in VanEck Oil Services ETF in the fourth quarter valued at approximately $33,000. Finally, Advisory Services Network LLC acquired a new position in VanEck Oil Services ETF in the third quarter valued at approximately $43,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Oil markets rallied on renewed geopolitical risk after Israel-Iran clashes, with multiple reports saying crude prices jumped on fears of supply disruption and a possible threat to the Strait of Hormuz. Oil Rises on Israel-Iran Escalation, U.S. Tech Futures Climb
• Positive Sentiment: Countries are expected to stockpile more oil for emergency reserves, a trend that could keep prices higher for longer and support spending across the oil-services industry. A Rush to Stockpile Oil Will Keep Prices Higher for Longer
• Positive Sentiment: Iraq and the UAE are fast-tracking alternative pipelines to reduce reliance on the Strait of Hormuz, underscoring how serious supply-disruption risks remain for the global oil market. Iraq and UAE race to establish alternative oil pipelines as exports through Hormuz dry up
• Neutral Sentiment: Some reports noted oil prices pulled back or only inched higher as Iran and Israel signaled a halt in attacks, suggesting the risk premium may fade if tensions keep easing. Oil Prices Jump as Israel-Iran Strikes Threaten Trump’s Peace Push
• Neutral Sentiment: Saudi Arabia cut July crude prices for Asia amid slower demand, which points to softer near-term fundamentals even as geopolitical risks remain elevated. Saudi Arabia Cuts July Crude Prices for Asia As Demand Slows
• Negative Sentiment: Several market updates said crude benchmarks faced renewed selling pressure after the ceasefire news, which could weigh on OIH if oil prices continue to normalize. Natural Gas and Oil Forecast: 10 Weeks of Ceasefire — WTI Channel Pressure, NatGas Bullish?

VanEck Oil Services ETF Price Performance

Shares of NYSEARCA OIH opened at $429.81 on Tuesday. The company’s 50 day simple moving average is $424.16 and its 200 day simple moving average is $368.31. VanEck Oil Services ETF has a fifty-two week low of $226.59 and a fifty-two week high of $459.28. The firm has a market capitalization of $2.41 billion, a P/E ratio of 10.97 and a beta of 0.85.

About VanEck Oil Services ETF

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.