Quantinno Capital Management LP bought a new position in shares of VanEck Oil Services ETF (NYSEARCA:OIH – Free Report) during the first quarter, Holdings Channel.com reports. The firm bought 2,915 shares of the company’s stock, valued at approximately $1,178,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of VanEck Oil Services ETF by 66.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after acquiring an additional 35 shares in the last quarter. Wexford Capital LP bought a new stake in shares of VanEck Oil Services ETF during the third quarter valued at approximately $27,000. Advisors Preferred LLC bought a new stake in shares of VanEck Oil Services ETF during the first quarter valued at approximately $31,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of VanEck Oil Services ETF during the fourth quarter valued at approximately $33,000. Finally, Empowered Funds LLC purchased a new stake in VanEck Oil Services ETF in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.
VanEck Oil Services ETF News Summary
Here are the key news stories impacting VanEck Oil Services ETF this week:
- Positive Sentiment: Oil prices are on track for weekly gains after the United States threatened an indefinite naval blockade of Iran. The risk of disruptions to Middle Eastern supply, including around the Strait of Hormuz, is supporting crude prices and improving the outlook for oil-services companies. Oil set for weekly gains after US threatens indefinite blockade of Iran
- Positive Sentiment: Russia’s Sheskharis terminal halted loadings after a drone attack, adding to disruptions at a major export outlet. Reduced available supply could keep crude prices elevated, which is generally supportive of OIH’s oilfield-services holdings. Russia’s Black Sea’s Sheskharis terminal halts loadings after drone attack
- Positive Sentiment: Oil-supply concerns are also being reinforced by an expanding spill near Oman and attacks on tankers and other vessels in the Gulf region. The disruptions may increase the value of secure supply and support producer activity if prices remain firm. Two slicks appear in Gulf as huge oil spill off Oman threatens disaster
- Neutral Sentiment: WTI and Brent are stalling near their 50-day moving averages as traders remain cautious. Technical resistance and uncertainty over the duration of the geopolitical disruptions could keep OIH volatile rather than establish a clear trend. Crude Oil Price Forecast – WTI and Brent Stall at 50-Day EMAs Amid Geopolitical Caution
- Negative Sentiment: Weaker global demand expectations and a reported 17.4-million-barrel increase in U.S. crude inventories are weighing on the market. Softer consumption and excess inventories could reduce producers’ incentive to increase drilling and oilfield-services spending. Natural Gas and Oil Forecast: 17.4M-Barrel Crude Build Weighs as Hormuz Risks Persist
- Negative Sentiment: Additional reports cite lower 2026 oil-demand forecasts and rising U.S. inventories as reasons for caution. These fundamentals could cap crude prices and pressure the ETF if supply disruptions ease. Oil drops on lower demand forecasts despite deadlock in US-Iran talks
VanEck Oil Services ETF Trading Up 2.6%
VanEck Oil Services ETF Company 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.
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