iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Stock Short Interest Report for October

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 208,815 shares, an increase of 293.5% from the October 15th total of 53,070 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 728,888 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake 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 during the last quarter. Parallel Advisors LLC grew its position in iShares U.S. Oil Equipment & Services ETF by 131.9% during the 3rd quarter. Parallel Advisors LLC now owns 5,202 shares of the company’s stock worth $138,000 after acquiring an additional 2,959 shares during the last quarter. Harbour Investments Inc. bought a new stake in iShares U.S. Oil Equipment & Services ETF during the 3rd quarter worth approximately $76,000. Finally, Advisors Preferred LLC bought a new stake in iShares U.S. Oil Equipment & Services ETF during the 1st quarter worth approximately $40,000.

iShares U.S. Oil Equipment & Services ETF Stock Up 1.6%

iShares U.S. Oil Equipment & Services ETF stock traded up $0.40 during mid-day trading on Friday, reaching $25.79. The company had a trading volume of 1,082,737 shares, compared to its average volume of 486,601. The firm has a market cap of $367.51 million, a price-to-earnings ratio of 19.47 and a beta of 0.98. The company has a 50 day moving average of $27.41 and a 200-day moving average of $28.46. iShares U.S. Oil Equipment & Services ETF has a 52 week low of $19.67 and a 52 week high of $32.87.

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.