Market Vectors Oil Services ETF (NYSE:OIH) was the recipient of unusually large options trading activity on Monday. Stock traders bought 6,154 put options on the company. This is an increase of 161% compared to the typical volume of 2,356 put options.
Market Vectors Oil Services ETF (NYSE:OIH) opened at 22.07 on Thursday. Market Vectors Oil Services ETF has a 1-year low of $21.70 and a 1-year high of $36.35. The company’s 50 day moving average is $24.03 and its 200-day moving average is $27.62.
Hedge funds have recently modified their holdings of the company. Spinnaker Trust boosted its stake in shares of Market Vectors Oil Services ETF by 13.1% in the second quarter. Spinnaker Trust now owns 14,497 shares of the company’s stock worth $359,000 after buying an additional 1,684 shares during the last quarter. Texas Permanent School Fund purchased a new stake in shares of Market Vectors Oil Services ETF during the second quarter worth about $809,000. Connable Office Inc. boosted its stake in shares of Market Vectors Oil Services ETF by 26.4% in the second quarter. Connable Office Inc. now owns 476,195 shares of the company’s stock worth $11,805,000 after buying an additional 99,349 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Market Vectors Oil Services ETF during the second quarter worth about $112,000. Finally, Quattro Financial Advisors LLC purchased a new stake in shares of Market Vectors Oil Services ETF during the second quarter worth about $473,000.
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About Market Vectors Oil Services ETF
Market Vectors Oil Services ETF (the Fund) is a non-diversified investment company. The Fund seeks to replicate the price and yield performance of the Market Vectors United States Listed Oil Services 25 Index (MVOIHTR). The Index is a rules-based index intended to track the overall performance of 25 of the United States listed publicly traded oil services companies.
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