Alerian MLP ETF (NYSEARCA:AMLP – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,346,495 shares, an increase of 79.6% from the September 30th total of 1,863,412 shares. Approximately 1.4% of the company’s shares are sold short. 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 opened at $52.74 on Tuesday. The company has a market capitalization of $12.72 billion, a P/E ratio of 14.17 and a beta of 0.54. Alerian MLP ETF has a 52 week low of $46.04 and a 52 week high of $56.43. The stock’s fifty day moving average is $53.86 and its two-hundred day moving average is $52.86.
Institutional Investors Weigh In On Alerian MLP ETF
A number of hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC grew its holdings in Alerian MLP ETF by 28.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 42,546 shares of the exchange traded fund’s stock valued at $2,207,000 after purchasing an additional 9,340 shares during the period. Asset One Wealth Management LLC grew its holdings in shares of Alerian MLP ETF by 22.5% during the third quarter. Asset One Wealth Management LLC now owns 62,556 shares of the exchange traded fund’s stock worth $3,245,000 after buying an additional 11,505 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its holdings in Alerian MLP ETF by 2.9% in the 3rd quarter. Burke & Herbert Bank & Trust Co. now owns 12,975 shares of the exchange traded fund’s stock valued at $673,000 after acquiring an additional 370 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Alerian MLP ETF by 5.6% during the third quarter. Kestra Advisory Services LLC now owns 270,707 shares of the exchange traded fund’s stock worth $14,042,000 after buying an additional 14,349 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Alerian MLP ETF by 11.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 871,610 shares of the exchange traded fund’s stock valued at $45,210,000 after acquiring an additional 92,785 shares during the last quarter.
About Alerian MLP ETF
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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