BP Prudhoe Bay Royalty Trust (NYSE:BPT) Short Interest Update

BP Prudhoe Bay Royalty Trust (NYSE:BPT) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,270,000 shares, a growth of 7.1% from the September 30th total of 2,120,000 shares. Based on an average daily volume of 269,500 shares, the short-interest ratio is currently 8.4 days. Currently, 10.6% of the shares of the stock are sold short.

BPT stock traded up $0.07 during trading on Friday, hitting $7.21. 122,363 shares of the stock traded hands, compared to its average volume of 231,450. BP Prudhoe Bay Royalty Trust has a one year low of $7.06 and a one year high of $28.27. The stock has a market cap of $152.80 million, a price-to-earnings ratio of 2.18 and a beta of -0.18. The company has a 50 day simple moving average of $8.29 and a 200 day simple moving average of $12.37.

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 18th were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 18.59%. The ex-dividend date of this dividend was Thursday, October 17th.

A number of hedge funds have recently made changes to their positions in the stock. Curbstone Financial Management Corp increased its position in BP Prudhoe Bay Royalty Trust by 2.4% in the 2nd quarter. Curbstone Financial Management Corp now owns 30,140 shares of the oil and gas company’s stock valued at $466,000 after acquiring an additional 710 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in BP Prudhoe Bay Royalty Trust in the 1st quarter valued at about $37,000. Joseph P. Lucia & Associates LLC acquired a new stake in BP Prudhoe Bay Royalty Trust in the 2nd quarter valued at about $25,000. Commonwealth Equity Services LLC increased its position in BP Prudhoe Bay Royalty Trust by 11.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,462 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 1,928 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in BP Prudhoe Bay Royalty Trust in the 2nd quarter valued at about $37,000. 5.55% of the stock is owned by hedge funds and other institutional investors.

About BP Prudhoe Bay Royalty Trust

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.

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