iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Sees Large Decrease in Short Interest

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 72,363 shares, a drop of 36.8% from the November 30th total of 114,521 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 101,071 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 101,071 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the company’s shares are sold short.

iShares U.S. Oil Equipment & Services ETF Stock Down 0.4%

IEZ stock opened at $20.63 on Friday. The company has a market cap of $127.91 million, a price-to-earnings ratio of 11.67 and a beta of 1.14. The business has a fifty day simple moving average of $20.67 and a 200-day simple moving average of $19.13. iShares U.S. Oil Equipment & Services ETF has a 52 week low of $14.41 and a 52 week high of $22.41.

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

A hedge fund recently raised its stake in iShares U.S. Oil Equipment & Services ETF stock. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,762 shares of the company’s stock after buying an additional 10,994 shares during the period. Ameriprise Financial Inc. owned about 0.87% of iShares U.S. Oil Equipment & Services ETF worth $912,000 at the end of the most recent reporting period.

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.