iPath Select MLP ETN (BATS:ATMP) Short Interest Update

iPath Select MLP ETN (BATS:ATMP) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 41,012 shares, an increase of 821.0% from the August 31st total of 4,453 shares. Based on an average daily trading volume, of 16,212 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.2% of the shares of the stock are sold short.

iPath Select MLP ETN Price Performance

Shares of iPath Select MLP ETN stock traded down $0.11 on Thursday, hitting $35.35. The company’s stock had a trading volume of 27,541 shares, compared to its average volume of 22,120. iPath Select MLP ETN has a 52-week low of $27.23 and a 52-week high of $37.38. The firm has a fifty day moving average price of $36.42 and a 200-day moving average price of $35.20.

iPath Select MLP ETN Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Friday, August 28th were given a $0.40 dividend. This is a drop from iPath Select MLP ETN’s previous quarterly dividend of $0.4088. This represents a $1.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, August 28th.

iPath Select MLP ETN Company Profile

The Barclays ETN+ Select MLP ETN (ATMP) is an exchange-traded fund that is based on the CIBC Atlas Select MLP VWAP index. The fund tracks a tiered-weighted index consisting of US and Canadian MLPs and general partners of MLPs that are selected based on fundamental criteria. ATMP was launched on Mar 12, 2013 and is issued by Barclays.