OIH · Analysis updated Nov 10, 2026, 6:00 PM ET

Why is VanEck Oil Services ETF (OIH) stock moving?

No news items or SEC filings were found for OIH in the period, so this view rests only on the price and volume data. OIH climbed to a high of 413.62 on Oct 30 and then sold off sharply, falling to a low of 347.02 on Nov 5, a drop of about 16% from the high. The decline came with heavy volume on Nov 2, Nov 4 (696,481 shares, the period's largest session outside Oct 23) and Nov 5, with the Nov 4 close at 366.06 marking a clear breakdown from the prior range. Since Nov 5 the ETF has stabilized: the lows have moved up from 347.02 to 349.77, 354.10 and 349.39, the closes sit between 356 and 361, and volume has eased to about 240,000 to 257,000 shares a day. The last close of 359.33 remains roughly 13% below the Oct 30 high. The trend is therefore weaker in the short term, but the selling pressure appears to be fading. Without company-specific or sector news to explain the move or confirm a direction, the evidence is thin and leans neither way.

About VanEck Oil Services ETF

Energy · US-listed oil services and equipment companies

The VanEck Oil Services ETF is a passive fund launched in 2011 that tracks the MVIS US Listed Oil Services 25 Index. It holds the 25 or so largest, most actively traded US-listed oilfield services, equipment and drilling companies, and it is heavily concentrated in its biggest names.

How the fund works

The fund tracks the MVIS US Listed Oil Services 25 Index, which weights its roughly 25 to 26 holdings by company size (market value). The top 10 holdings make up about 70% of assets, and giants like SLB and Baker Hughes often carry the largest weights. About three-quarters of holdings are US-based, and the rest are companies based in places like the UK, Switzerland, the Netherlands and Bermuda that also trade on US exchanges. It does not use leverage. Its expense ratio is 0.35%, and it typically pays one dividend a year, recently yielding around 1% to 1.3%. Because it is non-diversified and focused on one sector, it can swing much more than the broad market.

What usually moves OIH

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This analysis is for informational purposes only and is not financial advice. It is based solely on the price and volume data provided, with no news or filings in the period. Investing in ETFs involves risk, including possible loss of principal.