Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,346,495 shares, a growth of 79.6% from the September 30th total of 1,863,412 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 1,326,382 shares, the days-to-cover ratio is presently 2.5 days.
Alerian MLP ETF Stock Down 2.4%
AMLP stock traded down $1.32 during midday trading on Monday, hitting $52.74. The company’s stock had a trading volume of 1,870,274 shares, compared to its average volume of 1,474,053. The stock’s 50-day moving average price is $53.90 and its 200 day moving average price is $52.84. Alerian MLP ETF has a 1 year low of $46.04 and a 1 year high of $56.43. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 14.17 and a beta of 0.54.
Institutional Investors Weigh In On Alerian MLP ETF
Hedge funds have recently made changes to their positions in the business. Hollencrest Capital Management bought a new position in Alerian MLP ETF during the second quarter valued at about $35,000. Financial Network Wealth Advisors LLC bought a new stake in Alerian MLP ETF in the third quarter worth about $38,000. Independence Bank of Kentucky raised its position in Alerian MLP ETF by 75.0% in the third quarter. Independence Bank of Kentucky now owns 805 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 345 shares during the period. MCF Advisors LLC purchased a new position in Alerian MLP ETF in the second quarter valued at about $46,000. Finally, Foresight Capital Management Advisors Inc. purchased a new position in Alerian MLP ETF in the third quarter valued at about $65,000.
Alerian MLP ETF Company Profile
ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).
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