WFT Crosses Below Key Price/Book Valuation Level Monday, March 11, 12:37 PM ET, by Market News Video Staff In trading on Monday, shares of Weatherford International, Ltd. (WFT) crossed below their last reported ...
NOV Ex-Dividend Reminder - 3/13/13 Monday, March 11, 1:22 PM ET, by Market News Video Staff On 3/13/13, National Oilwell Varco Inc (NOV) will trade ex-dividend, for its quarterly dividend of ...
OIH, SLB, HAL, NOV: Large Inflows Detected at ETF Monday, March 18, 12:46 PM ET, by Market News Video Staff Symbols mentioned in this story: OIH, SLB, HAL, NOV Exchange traded funds (ETFs) trade just ...
NE Crosses Below Key Moving Average Level Tuesday, March 19, 4:21 PM ET, by Market News Video Staff In trading on Tuesday, shares of Noble Corp (NE) crossed below their 200 day moving ...
Noteworthy ETF Outflows: OIH, HAL, NOV, BHI Tuesday, March 26, 11:05 AM ET, by Market News Video Staff Symbols mentioned in this story: OIH, HAL, NOV, BHI Exchange traded funds (ETFs) trade just ...
By Market News Video Staff, Friday, August 24, 10:50 AM ET
Symbols mentioned in this story: OIH, HAL, BHI, RIG
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Oil Services ETF (AMEX:OIH) where we have detected an approximate $94.0 million dollar inflow -- that's a 8.1% increase week over week in outstanding units (from 28,460,863 to 30,760,863). Among the largest underlying components of OIH, in trading today Halliburton Company (NYSE:HAL) is down about 1.2%, Baker Hughes Inc. (NYSE:BHI) is down about 1%, and Transocean Ltd. (NYSE:RIG) is lower by about 1.1%. For a complete list of holdings, visit the OIH Holdings page »
The chart below shows the one year price performance of OIH, versus its 200 day moving average:
Looking at the chart above, OIH's low point in its 52 week range is $32.54 per share, with $45.14 as the 52 week high point — that compares with a last trade of $40.52. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
This Article's Word Cloud:BakerChannelCompanyDaysETFsFindHalliburtonHughesInvestmentLookingNYSEaboutabovealsoanalysisaveragebackchangeschartcomponentscreateddestroyeddownhaveholdingsjustlikemanymostmovingneedoutstandingoverpointpricesellingsharesharesstandoutstocksthattodaytradetradedunderlyingunitsuniversevisitweekwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Daily Wrap: May 10, 2013
Daily Dividend Report: CRI, WM, CHRW, NVDA, CBI
Daily Dividend Report: MAR, LEG, ORI, OFC, RNDY
Analyst Moves: RIG, APC, BSX
Analyst Moves: DISH, MDR, PCLN
Daily Wrap: May 9, 2013