Short Interest in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Grows By 181.0%

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 313,121 shares, an increase of 181.0% from the December 31st total of 111,416 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily trading volume, of 366,550 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 366,550 shares, the days-to-cover ratio is currently 0.9 days. Currently, 4.4% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares U.S. Oil Equipment & Services ETF

An institutional investor recently raised its position in iShares U.S. Oil Equipment & Services ETF stock. Ameriprise Financial Inc. lifted its holdings in shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 25.7% in the second quarter, according to the company in its most recent filing with the Securities and 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 Stock Down 1.9%

Shares of NYSEARCA:IEZ opened at $25.29 on Thursday. The company has a market cap of $178.29 million, a price-to-earnings ratio of 11.67 and a beta of 1.14. The firm’s 50-day simple moving average is $22.05 and its 200-day simple moving average is $20.03. iShares U.S. Oil Equipment & Services ETF has a fifty-two week low of $14.41 and a fifty-two week high of $26.00.

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.