OIH: 10% upside for an old trump tradeOIH is at a crossroads after suffering two setbacks in as many months. A 10% rally could propel it back to its November zenith. OBV is still supportive.
Key stats
About VanEck Oil Services ETF
Home page
Inception date
Dec 20, 2011
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
ISIN
US92189H6071
OIH had a makeover in late 2011 as the old 'Oil HOLDRS' was taken over by Van Eck and turned into a living, breathing ETF, with new management, and a simple strategy aimed at capturing the 25 largest and most liquid US-listed oil services companies. Although a fraction of its portfolio is focused overseas, OIH overweights the US and makes its own sector bets. Overall, the OIH offers extremely concentrated exposure with a strong bias to US-firms. The index is rebalanced semi-annually.
Related funds
Classification
What's in the fund
Exposure type
Industrial Services
Stock breakdown by region
Top 10 holdings
OIH swing trade AMEX:OIH OIH Hello OIH looking to move higher 300 being the resistance, 277 support level. I use simple indicators and Fib re-tracement.
OIL may rally soon!AMEX:OIH may see some bullish momentum soon as geopolitical tensions get worse daily.
Bullish on OIHI am bullish for the rest of the summer on OIH.
Energy prices and demand always rise in the summer.
The technicals all look bullish, we've been riding a steady uptrend for about a year now and we are the point of breaking out of the lower value area and moving back up to over 400.
Currently pr
OIH: One Last Climb 🧗The OIH is currently working on green wave 2, which should extend to our same-colored Target Zone (between $335.63 and $353.32). Within this range, the price should complete a reversal and then gradually trend downwards. This Zone can therefore be used to open any short trades. Stops could be placed
OIH: Keep Going! 👏OIH is on its way toward our green Target Zone (between $$321.09 and $339.97), nearing the last local high from the end of January. We expect the ETF to arrive in said Target Zone during the orange wave ii before the orange five-wave downward structure should continue, ultimately concluding below th
OIH wave 4 of 5 of 5 wave structure The chart posted in the OIH tracking etf We should be seeing the last of the selloff today and see a rally back to 333 within 2 to 4.5 weeks and then see a drop and pullback from .786 to a minor new low from this point I would be looking for a 95 PLUs pt up move to above ALL the tops and then
OIH Bottomed at .618 I have now moved to a 100 % long The chart is that of OIH etf we have now dropped into the 17 week turn and have reached .618 pullback .I would now look to be look calls and a target min 333 with the odds of a print at or above 375
OIH: Come on! 👏Since the low of wave ii in orange, OIH has already managed some strong upwards moves, but so far, it could not successfully conquer the resistance at $276.85. However, we expect the ETF to climb above this mark soon to develop wave iii in orange. Afterward, the short counter movement of wave iv in
OIH: Rebound 🏐Impulsively, OIH has bounced off the resistance at $276.85, which now marks the top of wave iv in magenta. Next, the ETF should continue the downward trend below the support at $250.69 to complete the magenta-colored three-part movement and thus expand wave 3 in turquoise. However, a 35% chance rema
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
OIH assets under management is 877.22 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
OIH invests in stocks. See more details in our Analysis section.
OIH expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, OIH isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, OIH pays dividends to its holders with the dividend yield of 2.13%.
OIH shares are issued by Van Eck Associates Corp.
OIH follows the MVIS US Listed Oil Services 25. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 20, 2011.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.