Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) Stock Short Interest Drops 38.0%

Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 193,395 shares, a decline of 38.0% from the September 15th total of 311,909 shares. Based on an average trading volume of 103,638 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Trading of Alerian Energy Infrastructure ETF

A hedge fund recently bought a new position in Alerian Energy Infrastructure ETF stock. Bank of New York Mellon Corp bought a new stake in shares of Alerian Energy Infrastructure ETF (NYSEARCA:ENFR) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 13,828 shares of the company’s stock, valued at approximately $528,000. Bank of New York Mellon Corp owned approximately 0.12% of Alerian Energy Infrastructure ETF as of its most recent filing with the SEC.

Alerian Energy Infrastructure ETF Stock Performance

Shares of NYSEARCA:ENFR traded up $0.91 during trading on Friday, hitting $38.43. 46,093 shares of the stock were exchanged, compared to its average volume of 88,280. Alerian Energy Infrastructure ETF has a 1-year low of $29.83 and a 1-year high of $40.95. The company has a market capitalization of $544.95 million, a price-to-earnings ratio of 18.78 and a beta of 0.65. The company’s fifty day simple moving average is $38.91 and its 200-day simple moving average is $38.63.

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.