Short Interest in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Rises By 54.0%

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 111,416 shares, an increase of 54.0% from the December 15th total of 72,363 shares. Based on an average daily trading volume, of 138,023 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.6% of the company’s stock are short sold. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 138,023 shares, the days-to-cover ratio is presently 0.8 days.

iShares U.S. Oil Equipment & Services ETF Price Performance

iShares U.S. Oil Equipment & Services ETF stock opened at $23.88 on Friday. The company has a market cap of $169.55 million, a price-to-earnings ratio of 11.67 and a beta of 1.14. The firm has a 50-day moving average of $21.36 and a 200-day moving average of $19.64. iShares U.S. Oil Equipment & Services ETF has a one year low of $14.41 and a one year high of $23.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares U.S. Oil Equipment & Services ETF stock. BNP Paribas Financial Markets increased its stake in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 46.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,700 shares of the company’s stock after buying an additional 47,000 shares during the quarter. BNP Paribas Financial Markets owned approximately 2.38% of iShares U.S. Oil Equipment & Services ETF worth $2,849,000 as of its most recent SEC filing.

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.