iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) Short Interest Update

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 334,225 shares, a growth of 178.3% from the June 30th total of 120,103 shares. Based on an average trading volume of 364,326 shares, the short-interest ratio is currently 0.9 days. Approximately 2.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IEZ. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares U.S. Oil Equipment & Services ETF in the 4th quarter valued at approximately $35,000. Advisors Preferred LLC acquired a new position in shares of iShares U.S. Oil Equipment & Services ETF during the 1st quarter worth approximately $40,000. Sunbelt Securities Inc. increased its position in iShares U.S. Oil Equipment & Services ETF by 198.3% during the 1st quarter. Sunbelt Securities Inc. now owns 6,971 shares of the company’s stock worth $202,000 after purchasing an additional 4,634 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of iShares U.S. Oil Equipment & Services ETF by 25.7% during the second quarter. Ameriprise Financial Inc. now owns 53,762 shares of the company’s stock worth $912,000 after buying an additional 10,994 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of iShares U.S. Oil Equipment & Services ETF by 46.7% during the third quarter. BNP Paribas Financial Markets now owns 147,700 shares of the company’s stock valued at $2,849,000 after buying an additional 47,000 shares during the period.

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

IEZ stock traded down $0.19 during midday trading on Monday, reaching $27.85. 119,538 shares of the company were exchanged, compared to its average volume of 539,810. The stock’s 50-day simple moving average is $28.80 and its 200 day simple moving average is $28.21. The company has a market cap of $362.05 million, a price-to-earnings ratio of 11.67 and a beta of 0.89. iShares U.S. Oil Equipment & Services ETF has a 1-year low of $17.24 and a 1-year high of $32.87.

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.