Alerian MLP ETF (NYSEARCA:AMLP) Short Interest Update

Alerian MLP ETF (NYSEARCA:AMLP) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,389,289 shares, a decrease of 70.2% from the July 30th total of 4,659,313 shares. Based on an average daily volume of 1,341,557 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMLP. Hollencrest Capital Management purchased a new position in shares of Alerian MLP ETF during the 2nd quarter worth about $35,000. Global Trust Asset Management LLC lifted its stake in Alerian MLP ETF by 600.0% in the first quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 600 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $57,000. Palladiem LLC purchased a new position in shares of Alerian MLP ETF during the fourth quarter valued at approximately $60,000. Finally, BROOKFIELD Corp ON bought a new position in shares of Alerian MLP ETF during the second quarter valued at approximately $65,000.

Alerian MLP ETF Trading Down 0.1%

Shares of NYSEARCA:AMLP traded down $0.06 during mid-day trading on Friday, reaching $55.25. The stock had a trading volume of 680,108 shares, compared to its average volume of 1,558,656. The company has a market cap of $12.98 billion, a P/E ratio of 14.17 and a beta of 0.50. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.66. The business’s 50 day moving average price is $53.77 and its 200 day moving average price is $52.92.

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).