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Someone Is Nibbling At Oil Services ETFs

Benzinga.com
0 Comments| September 23, 2015

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Few equity-based energy sector exchange-traded funds have been plagued by falling oil prices on par with oil services funds. Entering Wednesday, the United States Oil Fund LP (ETF) (NYSE: USO) was saddled with a year-to-date loss of 26.7 percent, which triggered an average loss of just over 20 percent for the Market Vectors Oil Services ETF (NYSE: OIH) and the iShares Dow Jones US Oil Equip. (ETF) (NYSE: IEZ).

Making matters worse is volatility; as in oil services, ETFs are more volatile than traditional, diversified energy sector ETFs. Average year-to-date volatility for OIH and IEZ entering Wednesday was 32.7 percent, according to ETF Replay data, or nearly 900 basis points higher than the volatility on the Energy Select Sector SPDR(ETF) (NYSE: XLE).

/www.benzinga.com/trading-ideas/long-ideas/15/09/5860029/someone-is-nibbling-at-oil-services-etfs alt=Someone Is Nibbling At Oil Services ETFs>Full story available on Benzinga.com

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