The VanEck Oil Service ETF (OIH) has experienced substantial growth, with an inflow of approximately $303.7 million, marking a 16.2% increase in outstanding units from 5,250,543 to 6,100,543 within one week.
As of the latest trade, OIH is priced at $361.50, with a 52-week low of $191.21 and a high of $364.75. This trend aligns with its 200-day moving average, indicating significant investor interest.
ETFs, including OIH, are traded as units, which can be created or destroyed based on investor demand, impacting the underlying assets held within each fund.
