VanEck Oil Services ETF Price & Performance (OIH)

Oppenheimer & Co. Inc. significantly reduced its stake in the VanEck Oil Services ETF by 84.1% during the fourth quarter, now holding shares valued at $466,000. Meanwhile, other institutional investors like Golden State Wealth Management LLC and IFP Advisors Inc. have shown renewed interest, increasing their positions in the ETF.1

Major U.S. stock futures rose in premarket trading, with S&P 500 futures up 1.2% and Nasdaq futures gaining 1.5%. ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust also advanced, reflecting positive sentiment ahead of key inflation data scheduled for release later this week.2

VanEck Oil Services ETF saw a sharp increase in put options trading, with 5,489 contracts purchased, marking a 56% rise over typical daily volume. The ETF's stock price remains stable, opening at $266.38, while its 50-day average price stands at $279.10.3