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

iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) was the recipient of a significant 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 trading volume of 138,023 shares, the short-interest ratio is currently 0.8 days. Currently, 1.6% of the shares of the stock are short sold. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 138,023 shares, the short-interest ratio is currently 0.8 days.

iShares U.S. Oil Equipment & Services ETF Stock Down 0.1%

Shares of IEZ stock traded down $0.03 on Friday, reaching $23.88. The company had a trading volume of 175,074 shares, compared to its average volume of 349,089. The stock has a market capitalization of $167.16 million, a PE ratio of 11.67 and a beta of 1.14. iShares U.S. Oil Equipment & Services ETF has a one year low of $14.41 and a one year high of $23.99. The business’s 50-day moving average is $21.36 and its 200 day moving average is $19.63.

Hedge Funds 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. BNP Paribas Financial Markets raised its position in iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) by 46.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 147,700 shares of the company’s stock after purchasing an additional 47,000 shares during the period. BNP Paribas Financial Markets owned 2.38% of iShares U.S. Oil Equipment & Services ETF worth $2,849,000 as of its most recent filing with the SEC.

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.