Alerian MLP (NYSE:AMLP) Sees Significant Decline in Short Interest
Alerian MLP (NYSE:AMLP) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 32,397,303 shares, a decrease of 16.5% from the July 14th total of 38,803,629 shares. Based on an average trading volume of 7,301,888 shares, the days-to-cover ratio is currently 4.4 days.
Shares of Alerian MLP (NYSE:AMLP) opened at 11.08 on Tuesday. Alerian MLP has a 52 week low of $11.05 and a 52 week high of $13.31. The firm’s 50-day moving average price is $11.82 and its 200 day moving average price is $12.33.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, August 11th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Wednesday, August 9th.
Hedge funds have recently modified their holdings of the stock. TIAA FSB acquired a new stake in shares of Alerian MLP during the second quarter valued at approximately $81,901,000. ST Germain D J Co. Inc. boosted its stake in Alerian MLP by 149.6% in the second quarter. ST Germain D J Co. Inc. now owns 2,789,343 shares of the exchange traded fund’s stock worth $33,361,000 after buying an additional 1,672,023 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Alerian MLP during the second quarter worth approximately $13,802,000. Edge Wealth Management LLC boosted its stake in Alerian MLP by 2,209.4% in the second quarter. Edge Wealth Management LLC now owns 770,077 shares of the exchange traded fund’s stock worth $9,221,000 after buying an additional 736,732 shares in the last quarter. Finally, Chickasaw Capital Management LLC purchased a new stake in Alerian MLP during the second quarter worth approximately $8,328,000.
About Alerian MLP
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.
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