Zweig DiMenna Associates LLC Raises Stock Position in VanEck Oil Services ETF $OIH

Zweig DiMenna Associates LLC raised its position in VanEck Oil Services ETF (NYSEARCA:OIH) by 50.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,700 shares of the company’s stock after acquiring an additional 1,900 shares during the period. Zweig DiMenna Associates LLC owned approximately 0.10% of VanEck Oil Services ETF worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in VanEck Oil Services ETF in the first quarter worth about $204,000. HBW Advisory Services LLC grew its stake in shares of VanEck Oil Services ETF by 191.4% during the first quarter. HBW Advisory Services LLC now owns 1,964 shares of the company’s stock worth $794,000 after acquiring an additional 1,290 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in shares of VanEck Oil Services ETF during the first quarter valued at about $299,000. Procyon Advisors LLC acquired a new position in shares of VanEck Oil Services ETF during the first quarter valued at about $217,000. Finally, International Assets Investment Management LLC acquired a new position in shares of VanEck Oil Services ETF during the first quarter valued at about $464,000. 94.50% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting VanEck Oil Services ETF

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

• Positive Sentiment: Oil prices jumped to a one-month high as the U.S. and Iran exchanged attacks in the Strait of Hormuz, raising the odds of supply disruptions and supporting oil-services stocks. Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz
• Positive Sentiment: Brent and WTI futures continued to break higher, with some forecasts calling for a move toward $90 oil as traders price in broader Middle East supply risk. Oil Price Forecast: WTI and Brent Target 90 as Hormuz Risks Rise
• Positive Sentiment: Reuters reported Brent’s prompt structure strengthening to a one-month high, a sign traders are paying up for near-term supply security amid rising Iran tensions. Brent oil structure changes to reflect mounting supply risk as Iran tensions flare
• Positive Sentiment: Gasoline prices may soon climb back above $4 a gallon, reinforcing the market’s view that the oil rally could extend if shipping through Hormuz remains constrained. US drivers may soon see pump prices climb back up to $4
• Neutral Sentiment: OPEC trimmed its global oil-demand growth forecasts again, which is a longer-term headwind for energy markets but is being outweighed today by geopolitical supply fears. OPEC further lowers 2026 global oil demand growth forecast
• Negative Sentiment: OPEC’s weaker demand outlook and broader warnings about slowing oil demand could eventually cap the upside for oil-linked equities if Middle East tensions ease. OPEC Further Cuts This Year’s Oil Demand Forecast

VanEck Oil Services ETF Stock Up 0.7%

OIH stock opened at $385.41 on Wednesday. The firm has a 50 day moving average of $409.22 and a 200 day moving average of $385.63. The stock has a market capitalization of $2.00 billion, a PE ratio of 10.97 and a beta of 0.87. VanEck Oil Services ETF has a 52 week low of $231.46 and a 52 week high of $459.28.

VanEck Oil Services ETF Profile

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.