Alerian MLP (NYSEARCA:AMLP) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 19,448,082 shares, a drop of 18.5% from the October 13th total of 23,852,883 shares. Based on an average daily trading volume, of 14,522,927 shares, the days-to-cover ratio is currently 1.3 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of Alerian MLP in the third quarter valued at $143,000. Stonebridge Capital Advisors LLC grew its position in shares of Alerian MLP by 32.3% in the third quarter. Stonebridge Capital Advisors LLC now owns 40,925 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 10,000 shares in the last quarter. Northern Oak Wealth Management Inc. purchased a new position in shares of Alerian MLP in the third quarter valued at $227,000. Neuberger Berman Group LLC grew its position in shares of Alerian MLP by 8.8% in the third quarter. Neuberger Berman Group LLC now owns 151,067 shares of the exchange traded fund’s stock valued at $1,695,000 after purchasing an additional 12,183 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Alerian MLP by 0.8% in the third quarter. Janney Montgomery Scott LLC now owns 1,735,347 shares of the exchange traded fund’s stock valued at $19,471,000 after purchasing an additional 14,126 shares in the last quarter.

Alerian MLP (NYSEARCA AMLP) opened at $10.24 on Thursday. Alerian MLP has a 52-week low of $9.99 and a 52-week high of $13.31.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, November 10th were given a $0.2052 dividend. This represents a $0.82 annualized dividend and a dividend yield of 8.02%. The ex-dividend date was Thursday, November 9th. Alerian MLP’s dividend payout ratio (DPR) is presently 43.20%.

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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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