iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Down 36.8% in December

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 72,363 shares, a decrease of 36.8% from the November 30th total of 114,521 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 101,071 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 101,071 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares U.S. Oil Equipment & Services ETF stock. Ameriprise Financial Inc. grew its holdings in shares of iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 25.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,762 shares of the company’s stock after purchasing an additional 10,994 shares during the period. Ameriprise Financial Inc. owned approximately 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 Up 0.5%

NYSEARCA:IEZ traded up $0.11 during mid-day trading on Monday, reaching $20.74. 41,234 shares of the stock were exchanged, compared to its average volume of 192,197. iShares U.S. Oil Equipment & Services ETF has a 1 year low of $14.41 and a 1 year high of $22.41. The company has a 50 day simple moving average of $20.71 and a 200-day simple moving average of $19.16. The stock has a market capitalization of $128.59 million, a P/E ratio of 11.67 and a beta of 1.14.

About iShares U.S. Oil Equipment & Services ETF

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.