VanEck Oil Services ETF $OIH Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in shares of VanEck Oil Services ETF (NYSEARCA:OIH) by 70.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,147 shares of the company’s stock after selling 5,185 shares during the period. Private Advisor Group LLC’s holdings in VanEck Oil Services ETF were worth $868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its position in shares of VanEck Oil Services ETF by 66.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 88 shares of the company’s stock worth $25,000 after purchasing an additional 35 shares during the period. Wexford Capital LP purchased a new stake in VanEck Oil Services ETF in the third quarter valued at approximately $27,000. Greykasell Wealth Strategies Inc. acquired a new position in VanEck Oil Services ETF during the fourth quarter worth $33,000. Empowered Funds LLC purchased a new position in shares of VanEck Oil Services ETF during the fourth quarter worth $34,000. Finally, Advisory Services Network LLC purchased a new position in shares of VanEck Oil Services ETF during the third quarter worth $43,000. 94.50% of the stock is owned by hedge funds and other institutional investors.

VanEck Oil Services ETF Trading Up 0.7%

Shares of NYSEARCA OIH opened at $385.41 on Wednesday. The stock has a fifty day simple moving average of $409.22 and a 200-day simple moving average of $385.63. VanEck Oil Services ETF has a twelve month low of $231.46 and a twelve month high of $459.28. The stock has a market capitalization of $2.00 billion, a PE ratio of 10.97 and a beta of 0.87.

Key Stories Impacting VanEck Oil Services ETF

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Oil prices jumped to a one-month high as the U.S. and Iran exchanged attacks in the Strait of Hormuz, raising the odds of supply disruptions and supporting oil-services stocks. Oil climbs to one-month high as US, Iran step up attacks in Strait of Hormuz
• Positive Sentiment: Brent and WTI futures continued to break higher, with some forecasts calling for a move toward $90 oil as traders price in broader Middle East supply risk. Oil Price Forecast: WTI and Brent Target 90 as Hormuz Risks Rise
• Positive Sentiment: Reuters reported Brent’s prompt structure strengthening to a one-month high, a sign traders are paying up for near-term supply security amid rising Iran tensions. Brent oil structure changes to reflect mounting supply risk as Iran tensions flare
• Positive Sentiment: Gasoline prices may soon climb back above $4 a gallon, reinforcing the market’s view that the oil rally could extend if shipping through Hormuz remains constrained. US drivers may soon see pump prices climb back up to $4
• Neutral Sentiment: OPEC trimmed its global oil-demand growth forecasts again, which is a longer-term headwind for energy markets but is being outweighed today by geopolitical supply fears. OPEC further lowers 2026 global oil demand growth forecast
• Negative Sentiment: OPEC’s weaker demand outlook and broader warnings about slowing oil demand could eventually cap the upside for oil-linked equities if Middle East tensions ease. OPEC Further Cuts This Year’s Oil Demand Forecast

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.