ETF Report: VanEck Vectors Oil Services ETF Registered $-98.04M Redemptions After -9.06% AUM Decrease

ETF Report: VanEck Vectors Oil Services ETF Registered $ 98.04M Redemptions After  9.06% AUM Decrease

Today were reported VanEck Vectors Oil Services ETF (NYSEARCA:OIH)‘s daily net flows. The ETF registered $-98.04M asset outflows for -9.06% decrease, reaching $983.75M after yestarday’s trading session. The chart of VanEck Vectors Oil Services ETF shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.50% or $0.15 on October 13, hitting $30.14. It is down 10.24% since March 11, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.

The ETF’s YTD performance is 10.7%, the 1 year is 9.17% and the 3 year is -12.95%.

The ETF’s average P/E ratio is 9.3, the price to book is 0.86, the price to sales is 1.01 and the price to cashflow is 3.74. VanEck Vectors Oil Services ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Schlumberger N.V. Common Stock for 19.22% of assets, Halliburton Company Common Stoc for 14.84%, National Oilwell Varco Inc. Co for 5.28%, Tenaris S.A. American Depositar for 4.93%, Baker Hughes Incorporated Commo for 4.92%, FMC Technologies Inc. Common S for 4.60%, Helmerich & Payne Inc. Common for 4.56%, Transocean Ltd (Switzerland) Co for 4.50%, Core Laboratories N.V. Common S for 4.37%, Nabors Industries Ltd. for 3.93%. The ETF sector weights are: Basic Materials 7.39%, Energy 92.61%. The ETF currently as 0% yield.

More notable recent VanEck Vectors Oil Services ETF (NYSEARCA:OIH) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on May 08, 2015, also Marketwatch.com with their article: “This environmentally friendly oil super major yields 6.85%” published on October 14, 2016, Marketwatch.com published: “Surging oil has given energy ETFs a ticket to ride” on October 06, 2016. More interesting news about VanEck Vectors Oil Services ETF (NYSEARCA:OIH) were released by: Seekingalpha.com and their article: “Happy Birthday, CRAK! (Or Not)” published on September 02, 2016 as well as Etftrends.com‘s news article titled: “Assessing the Near-Term Outlook for Oil Services ETFs” with publication date: July 19, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment