Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Short Interest Climbs 48.5%

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 311,909 shares, a growth of 48.5% from the August 31st total of 210,084 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 102,305 shares, the days-to-cover ratio is presently 3.0 days.

Alerian Energy Infrastructure ETF Stock Performance

Alerian Energy Infrastructure ETF stock traded up $0.05 during midday trading on Friday, hitting $37.20. 33,491 shares of the company’s stock were exchanged, compared to its average volume of 88,931. Alerian Energy Infrastructure ETF has a 12-month low of $29.83 and a 12-month high of $40.95. The stock has a market cap of $525.28 million, a price-to-earnings ratio of 18.78 and a beta of 0.65. The firm’s 50 day simple moving average is $39.17 and its 200 day simple moving average is $38.65.

Institutional Investors Weigh In On Alerian Energy Infrastructure ETF

An institutional investor recently bought a new position in Alerian Energy Infrastructure ETF stock. Bank of New York Mellon Corp purchased a new position in shares of Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,828 shares of the company’s stock, valued at approximately $528,000. Bank of New York Mellon Corp owned 0.12% of Alerian Energy Infrastructure ETF as of its most recent SEC filing.

About Alerian Energy Infrastructure ETF

The Alerian Energy Infrastructure ETF (ENFR) is an exchange-traded fund that is based on the Alerian Midstream Energy Select index. The fund tracks an index of energy infrastructure companies in the US and Canada, weighted by market capitalization. ENFR was launched on Nov 1, 2013 and is managed by Alerian.